Yoruba movement warns Southwest, Kogi, and Kwara governors to prepare for fallout from possible US strike on terrorists following Trump’s latest threat.
The Nigerian FG has introduced 50 new tax breaks and reliefs aimed at easing financial pressure on small businesses and low-income earners particularly.
Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms under President Donald Trump. The billionaire real estate tycoon has pulled the United States out of an international deal on taxing multinationals and threatened tariffs on countries that target US tech giants.
Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are poised to climb further as Boeing and Airbus are buffeted by trade tariffs. To resolve a labor strike, Boeing late last year agreed to a new contract with its Seattle-based machinist union that lifted wages by 38 percent over four years.
Citing the US-China trade conflict, Ford said Friday it has "adjusted" its exports to the country, where the US auto giant operates manufacturing jointly with local partners. "We have adjusted exports from the US to China in light of the current tariffs," Ford told AFP without specifying the models affected.
Donald Trump's simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank. Powell has said he has no plans to step down early, adding this week that he considers the bank's independence over monetary policy to be a "matter of law."
The Aliko Dangote Foundation has extended its N16 billion food programme to the Federal Capital Territory, Abuja and Kogi State to ease the standard of living.
The World Bank and the Nigerian government are planning another $17 billion loan for poverty reduction through various social investment programmes.
Amid calls to offset N4 trillion electricity debt, the FG has shared the payment plan. Minister of Power Adelabu insists that a tariff review must happen soon.
With many Nigerians still lamenting lost investments in the recent CBEX collapse, the CBN has ordered banks and fintech to do tighten their compliance framework.
NNPC’s newly appointed GCEO, Bayo Ojulari, shares ambitious plans to increase Nigeria’s crude oil production to 3mbpd and attract $60 billion investments by 2030.
Economy
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