IGP Kayode Egbetokun has finally commented on the confrontation between the FCT Minister and some naval officers in Abuja and disclosed the steps taken so far.
Nigeria plans to cut Capital Gains Tax to 25% by 2026, ease corporate tax to 25%, and introduce full VAT input credits to support businesses nationwide.
The Nigerian currency, the naira, traded strongly in the official foreign exchange market following the injection of $150 million by the Central Bank of Nigeria.
US fashion designer Willy Chavarria said Saturday he regrets that sandals he created together with Adidas "appropriated" a traditional design from the southern Mexican state of Oaxaca.
Instagram users are warning about a new location sharing feature, fearing that the hugely popular app could be putting people in danger by revealing their whereabouts without their knowledge. In a TikTok video, Flanagan called Instagram's new location sharing feature "dangerous" and gave step-by-step instructions on how to make sure it is turned off.
Mexico's government said Friday it was seeking compensation from Adidas, which is accused of cultural appropriation for bringing out sandals resembling traditional design from the southern state of Oaxaca.
The first casualty of the imposition of a hefty 39-percent tariff on Swiss imports into the United States may be gold refining after it emerged certain gold bars would face the levy. Gold bars produced in the Belgian city Antwerp face the 15-percent tariff applied to the European Union when imported into the United States.
US President Donald Trump warned Friday of cataclysmic consequences on the US economy if a court rules that his imposition of sweeping tariffs constitutes an illegal power grab. A lower court ruled against Trump in May, but the US Court of Appeals for the Federal Circuit put the ruling on hold as it considers the case.
German industrial titan Thyssenkrupp's shareholders on Friday backed a spin-off of its warship and submarine-building unit, seeking to better position the group to benefit from a European defence boom. Shareholders overwhelmingly backed the spin-off of a 49-percent minority stake of the marine division at a specially convened meeting.
Champagne growers say President Donald Trump's tariffs on European goods will hurt sales to the United States, their biggest export market, but hope that the sector may yet escape the new duties.
The Nigerian currency, the naira, rebounded in the official foreign exchange market after a brief fall. The development comes as the FX reserves hit nearly $40bn.
Economy
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