President Bola Ahmed Tinubu has disclosed a common practice Nigeria will terminate and announced the date it will officially end. The video surfaced on Friday.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
The Central Bank of Nigeria has intervened in the foreign exchange market, selling $52 million to authorised dealer banks to keep the naira stable.
Germany must move quicker with potentially painful reforms, experts warned Thursday, in the latest sign of unease at Chancellor Friedrich Merz's efforts to turn the struggling economy around. The Bild newspaper also reported Tuesday that business associations had berated Merz behind closed doors for moving too slowly on reforms.
At a windswept container park near the sprawling port of Rotterdam, a crane slots a 30-tonne white battery into a transporter vessel, enough to provide eight hours of zero-emissions freight. ITG has 17 terminals connecting key locations in the Netherlands and Belgium with the sea ports of Antwerp and Rotterdam, handling one million containers per year.
Switzerland's central bank kept its policy rate at zero percent on Thursday, warning that massive US tariffs are weighing on the country's export-dependent economy. "The tariffs are likely to dampen exports and investment especially.
Nickel mining threatens one of the world's most important marine biodiversity and coral hotspots in Indonesia, despite the government revoking several permits, a report warned Thursday. In June, Indonesia's government revoked permits for four of the five nickel mining companies operating in the cluster of islands and shoals in Southwest Papua Province.
Apple asked the European Union to scrap its landmark digital competition law on Thursday, arguing that it poses security risks and creates a "worse experience" for consumers. Independently from the digital rules, Apple has faced the heat under different EU competition rules.
Stocks moved narrowly Thursday as traders continue to pull back from the buying that has propelled markets to record highs in recent months, with upcoming US inflation and jobs data seen as likely to be the next catalysts for action. While there appears to be some unease in recent days over the latest market rally, economists at Bank of America were upbeat.
"You need the work," one woman said, "so you shut your mouth." "We have no choice but to keep working."
French President Emmanuel Macron warned Iran's president there were only "hours left" for a deal on Tehran's nuclear program to avert deep sanctions, even after Masoud Pezeshkian insisted his country does not seek an atomic bomb. Only a few hours are left.
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