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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Highlights from Nigeria’s Q4 trade data as exports rise above imports
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Lab-grown diamonds robbing southern Africa of riches
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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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The global forces sending coffee prices skyward
Climate change, political headwinds and diverging market dynamics around the world have pushed coffee prices to fresh records, jacking up the cost of your everyday brew or a barista's signature macchiato.
Trump vows trade policy of 'tariff and tax' on other countries
US President Donald Trump promised tariffs and taxes on other countries Monday, in a nationalistic inaugural address after being sworn in as the 47th president. "Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens," Trump added.
Tech billionaires take center stage at Trump inauguration
US tech multibillionaires -- including Elon Musk, Mark Zuckerberg, and Jeff Bezos -- were given prime positions at Donald Trump's inauguration on Monday, in an unprecedented demonstration of their power and influence in the White House.
Global tourism recovered to pre-pandemic levels in 2024: UN
Global tourism fully recovered from the Covid-19 pandemic in 2024 with 1.4 billion international tourist arrivals recorded worldwide due to "robust" demand from key markets, UN Tourism said Monday. The number of international tourist arrivals last year was 11 percent higher than the 1.3 billion recorded in 2023, reaching the level seen in 2019, the year before the pandemic paralysed travel.
Job cuts report worries employees at Germany's Commerzbank
Suggestions that German lender Commerzbank was considering cutting thousands of jobs as it fights off an unwanted advance from Italy's UniCredit had unsettled employees, a senior trade union official said Monday. Frederik Werning, Verdi trade union official and a member of the supervisory board at Germany's second-largest lender, said rumoured redundancies had caused "uncertainty among employees".
X and Facebook toughen EU pledge to combat hate speech
Social media giants including X and Facebook have agreed to step up efforts to tackle hate speech in the EU, the bloc said Monday as its digital rules face scrutiny with Donald Trump's return to the White House. The EU's announcement, coming on the day of Trump's inauguration, said the 12 platforms had agreed beef up a code first signed in 2016 detailing efforts to curb hate speech online.
Manufacturers shun loans, turn to other fund sources as interest rates go higher
As the CBN continues to push benchmark interest rates upward, manufacturing companies in Nigeria are now turning away from loans to seek alternative funds.
Syria phone shops free from Assad-linked monopoly
Syrian phone shop owner Abdel Razzaq Hamra was thrilled to finally be working in peace after years of being harassed and detained by security personnel enforcing an Assad-linked company's monopoly. Phone shop owners said security forces linked to Branch 215 of the Military Intelligence would raid their shops, while Shabiha -- pro-Assad militiamen -- also stalked the stores.
Expert explains why NBS is including hidden and illegal activities in rebased GDP
A statistics expert explains that the NBS is extended its tentacles to these areas, in order to provide answers and insights that policymakers can act on.
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