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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Lab-grown diamonds robbing southern Africa of riches
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US Fed poised for first rate cut of 2025 as political tension mounts
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Naira gains N37, experts warn dollar hoarders of big losses
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Philips turns in a profit but China, tariffs weigh
Dutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in China but warned of "intensified" uncertainties due to tariffs. However, global sales were down two percent compared to the same quarter last year due to a "double-digit decline" in China, the firm said.
Dollar recovers some losses, stocks gain as traders eye tariff deals
The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump's sweeping tariffs, while equities mostly rose as investors await the Federal Reserve's latest policy decision. Equities mostly rose, with Hong Kong and Shanghai leading the way as investors returned from a long weekend.
'Makes no sense': Hollywood shocked by Trump's film tariffs announcement
Hollywood reacted Monday with skepticism to US President Donald Trump's announcement of 100 percent tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works. As Hollywood fretted over Trump's announcement, the White House said no decision on foreign film tariffs has been made.
OpenAI abandons plan to become for-profit company
OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization. "OpenAI is not a normal company and never will be," Altman wrote in an email to staff posted on the company's website.
Ford sees $1.5 bn tariff hit this year, suspends 2025 forecast
Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty.
Naira begins new week on positive note after hitting lowest beginning of May
The Nigerian naira has rebounded slightly against the dollar after starting the month of May on a negative note following the drop in crude oil prices.
Nigerian banks avoid lending to real sector, deposit N37 trillion with CBN
Banks and merchant banks have refrained from lending to the real sector due to the increasing threat to Nigeria's economic climate posed by supply chain problem.
Meta content moderator cuts over 2,000 jobs in Spain: union
Canadian tech firm Telus International, tasked by Meta to moderate content on its social media networks Facebook and Instagram, will slash over 2,000 jobs in Barcelona, a Spanish union said Monday.
Fidelity, Access, UBA lead as banks seek private investments to meet CBN deadline
In an attempt to secure their current licenses ahead of the CBN recapitalisation deadline, several Nigerian banks are now going after private investors.
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