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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Naira gains N37, experts warn dollar hoarders of big losses
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CBN crashes dollar with $29 million intervention in FX market
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Naira rally narrows FX gap to just N10 as CBN targets $1bn monthly remittances
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Over 41,000 Nigerians to benefit as NDE expands Renewed Hope employment scheme
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Apple agrees to $95 mn deal to settle Siri eavesdropping suit
Apple has agreed to pay $95 million to settle a lawsuit accusing its digital assistant Siri of listening in on users' private conversations. A class action lawsuit filed five years ago accused Siri of listening in on private conversations of people with iPhones, iPads, HomePods or other Apple devices enhanced with the digital assistant.
Extradited SKorean crypto 'genius' in court to face US charges
The South Korean co-founder of Terraform Labs appeared in a New York court on Thursday to face fraud charges stemming from the multi-billion-dollar collapse of his cryptocurrency company. Kwon, who is also wanted in South Korea, is charged in the United States with commodities fraud, securities fraud, wire fraud and money laundering and faces up to 130 years in prison if convicted of all charges.
Nick Clegg leaves Meta global policy team
Former British deputy prime minister Nick Clegg said Thursday he is stepping down from his role as president of Meta's global affairs and will be replaced by Republican stalwart Joel Kaplan. Clegg ceding his job to Kaplan, who served as deputy chief of staff for policy under then-president George W. Bush from 2006-2009, comes as Republican Donald Trump is set to return to the White House.
Tesla reports lower 2024 auto deliveries, missing forecast
Tesla reported a dip in full-year auto sales Thursday, missing a company forecast in a sign of rising electric vehicle competition in China and other markets. Besides rising competition from producers like China's BYD and legacy auto companies, analysts pointed to a sluggish ramp-up of production of the futuristic Cybertruck.
US mulls new restrictions on Chinese drones
The United States is considering new rules to address risks posed by drones with tech from foreign adversaries like China and Russia, the Commerce Department said Thursday. Flagging the risk from China and Russia, the Commerce Department said: "These countries can leverage their political and legal frameworks to co-opt private entities for national interests."
Electric cars took 89% of Norway market in 2024
Electric cars accounted for 89 percent of the new cars sold in Norway last year, a report said Thursday, pushing the country closer to reaching its goal of going fully electric by 2025. Despite being a major oil and gas producer, Norway aims for all new cars sold to be "zero emission" starting in 2025, which is 10 years ahead of the goal set by the European Union, of which Norway is not a member.
Naira gets new position as data shows worst-performing African currencies in 2024
The Nigerian currency, the naira, topped the list of worst-performing African currencies in 2024 as it depreciated by 40% to end the year at N1,542 per dollar.
Tinubu launches new company to crash food and drug prices, lists other benefits
President Bola Tinubu has revealed that the Nigerian government would launch a new company to reduce prices of food and essential medical supplies.
Sales surge in 2024 for Chinese EV giant BYD
Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its overseas presence. BYD's figures come after global EV sales hit a record 1.8 million units in November, according to industry research company Rho Motion.
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