A tax expert, Aderonke Atoyebi, has debunked the widespread misconception regarding the newly introduced Tax Identification, describing the rumours as dangerous.
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FG orders immediate release of ₦250bn loan to farmers, targets food security
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CBN crashes dollar with $29 million intervention in FX market
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Naira gains N37, experts warn dollar hoarders of big losses
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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G7 finance chiefs begin talks under strain of Trump tariffs
G7 finance leaders exchanged pleasantries before tough discussions Wednesday, seeking to restore stability in the face of economic turbulence from US President Donald Trump's punishing tariffs -- and to strengthen support for Ukraine.
Bitcoin hits record high amid optimism over US legislation
Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States. Bitcoin broke back through the symbolic $100,000 threshold on May 8 for the first time since February, as Britain and the United States unveiled a trade deal.
Africa’s richest man, Dangote, shares what government can do to attract foreign investors to Nigeria
Africa's richest man, Aliko Dangote, insisted that foreign investors cannot be attracted to the country unless they see local businesses thriving already.
Third time lucky? South Africa presents revised budget
South Africa's finance minister presented Wednesday a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax that threatened to split the coalition government. The first version of the budget had proposed a two-percent increase in VAT to 17 percent but was withheld at the last minute.
Stakeholders explain how FG’s revenue cuts stunt growth in Nigeria’s aviation sector
The AIMAN president urged the government to pause 50% revenue deductions to fund crucial airport upgrades and enhance aviation safety through AIS automation.
Estate surveyors respond as Lagos state government moves to implement monthly rental payments
Lagos State plans monthly rent payments to ease tenant burden, but Estate surveyors have demanded proper housing policies to be put in place before implementation.
ILO predicts AI would take over 25% of global jobs, women at higher risk
Generative artificial intelligence now threatens job roles that had earlier been thought to be secure, and the ILO report has listed the worse-hit jobs.
Bloomberg financial markets data service hit by outage
Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting an auction of UK government debt. The service started working again but slower at around 1000 GMT. The UK Debt Management Office said it had to extend the bidding window for a government debt auction due to the "market-wide Bloomberg system issues".
EU plans to slash red tape for medium-sized companies
The EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States. The EU also wants to establish common labelling so companies can sell the same product in EU states without the need for different labels.
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