The Federal Inland Revenue Service (FIRS) has reacted to concerns raised by former Vice President, Atiku Abubakar, over the appointment of XpressPay.
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Garri price crashes by N1,800 as FG inches closer to 2025 inflation target
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60 million Nigerians spend $5.5m daily on gambling, SEC raises alarm on fading investment culture
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Pay taxes in minutes: The new simple process every taxpayer must know
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Rice prices drop sharply across markets as local supply and imports rise
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Australian mining giant BHP drops Anglo American takeover bid
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UK top court to rule on multi-billion pound car loan scandal
Britain's highest court will Friday determine whether controversial car loans were unlawful, which could pave the way for millions of motorists to claim billions of pounds in compensation from banks.
French wine industry warns of 'brutal' impact from US tariffs
The French wine industry on Friday warned of a "brutal" impact from US tariffs and a weak dollar, urging France and the European Union to "continue negotiations". Jean-Marie Fabre, president of the union of independent winegrowers of France, urged France to continue negotiations.
Stocks slide as Trump's new tariff sweep offsets earnings
Stock markets slid but the dollar held up Friday as US President Donald Trump announced tariffs on dozens of trading partners, offsetting strong earnings from tech giants. Tariffs uncertainty overshadowed earnings from major tech titans this week that saw Apple on Thursday post double-digit quarterly revenue growth that beat expectations.
Bayer sets aside more cash to deal with weedkiller woes
German pharmaceutical and agricultural chemicals giant Bayer said it had put aside an extra 1.2 billion euros ($1.4 billion) to deal with long-running US legal woes linked to a weedkiller. It takes to 1.7 billion euros the amount set aside to deal with litigation linked to the glyphosate-based Roundup weedkiller, the German group said in a statement late Thursday.
Naira ends July at ₦1,533.55 per dollar, CBN reserves rise to $39.36bn
The Nigerian currency, the naira, remained strong in the official window, ending July on a positive note, but dipped slightly relative to June exchange rate.
Nintendo quarterly revenue surges thanks to Switch 2
Nintendo on Friday said quarterly revenue had more than doubled year-on-year thanks to the Switch 2, which became the world's fastest-selling console after its launch in June. The Switch 2 smashed industry records by selling 3.5 million units in its first four days, and Nintendo said Friday it had shifted around 5.8 million consoles in its first month.
Swiss to try to negotiate way out of stiff US tariffs
The Swiss government said Friday it would negotiate with the United States to try to avoid the 39 percent punitive US tariff rate that would ravage its key pharmaceutical industry.
British Airways owner sees profit jump on 'strong' demand
IAG, the owner of British Airways and Spanish carrier Iberia, said Friday that its net profit jumped 44 percent in the first six months of the year on "strong demand". Group revenue increased eight percent to 15.9 billion euros in the January-June period year-on-year, "reflecting strong demand for our network and brands", it added.
Trump unveils slew of new tariffs, punishes Canada
President Donald Trump unveiled new tariffs Thursday on nearly 70 countries -- including a blistering 35 percent on neighbor Canada -- as he seeks to reshape global trade to benefit the US economy. Trump raised duties on nearly 70 economies, from a current 10 percent level imposed in April when he unleashed "reciprocal" tariffs citing unfair trade practices.
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