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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New exchange rate: CBN crashes dollar as naira appreciates to N1,506 in official window
Economy Latest News
UK inflation dips, easing some pressure on government
Britain's annual inflation rate unexpectedly fell to 2.5 percent last month, official data showed Wednesday, easing some pressure on the Labour government faced with economic unrest. - Bank of England - Despite falling, Britain's annual inflation rate remains above the Bank of England's 2.0-percent target rate, slowing the pace of its interest-rate cuts.
Armed forces, another 33% of Nigeria's workforce exempted from paying income tax
The tax committee has listed out exemptions to the PAYE tax. Under the proposed tax reforms, the Armed forces will be excluded, as well as many other workers
German bourse banks on Trump-fuelled crypto boom
As Donald Trump's looming return to the White House promises to boost cryptocurrencies, a German stock exchange is on a mission to anchor them firmly in the staid world of traditional finance. - Trump support - The exchange says it has managed to win more than a million clients in crypto trading, both professionals and private individuals, mostly in the German-speaking world.
Record 36.8 million tourists visited Japan in 2024
Record numbers of tourists flocked to Japan last year, figures showed Wednesday, as the weak yen bolstered the appeal of the "bucket list" destination despite overcrowding complaints in hotspots like Kyoto. Japan has long been a "bucket list" destination for many people, said Naomi Mano, president of hospitality and events company Luxurique.
Trump's policies won't push up inflation, economic advisor says
Donald Trump's policies are not likely to cause inflation to reignite as many analysts fear, one of the president-elect's longtime economic advisors told AFP Tuesday, less than a week before Trump returns to the White House.
SpaceX set for seventh test of Starship megarocket
Elon Musk's SpaceX is gearing up for the seventh orbital flight test of Starship, the colossal prototype rocket the company hopes will help humans colonize Mars. - Betting on Starship - SpaceX already dominates the orbital launch market with its Falcon 9 and Falcon Heavy rockets, which serve commercial clients, NASA and the Pentagon.
Private US, Japanese lunar landers launch on single rocket
One rocket, two missions: lunar landers built by US and Japanese companies launched their "rideshare" to the Moon on Wednesday, showcasing the private sector's growing role in space exploration.
Asian equities mixed as US inflation, China data loom
Asian markets swung Wednesday, continuing their yo-yo start to the year as traders assess the economic outlook with Donald Trump back in the White House, with focus now on the release of key US inflation data. Also in focus this week is the release of Chinese 2024 growth data, with expectations that it could come in below the previous year and be among the slowest in more than three decades.
Renewed US trade war threatens China's 'lifeline'
China might not be able to rely on trade to steer it out of trouble as blistering tariffs being considered by US President-elect Donald Trump threaten an already struggling economy. The specific trade imposts Trump intends to levy against China are not yet clear but the country's export surge last year "will ignite further fury among US trade hawks", Innes said.
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