The Federal Inland Revenue Service (FIRS) under Zacch Adedeji has experienced a massive transformation with an innovative approach with a human face.
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Prices of rice, tomatoes, other food items soars as retailers struggle with unpredictable costs
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US court bars NSO Group from installing spyware on WhatsApp
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Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
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Argentine peso drops against dollar despite US backing
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Slovak entrepreneur funding rescue of German flying taxi startup
A Slovak entrepreneur is providing most of the funds to rescue a German flying taxi startup that came close to collapse last month, the firm's new backers said Thursday. The consortium said a key figure is entrepreneur Marian Bocek, who runs holding company DTM Investment and founded Slovak battery manufacturer InoBat.
Airport charges set to rise as FAAN seeks N735 billion for runway repairs, others
FAAN has said that it will need N735 billion for various repairs in airports across the country, and to pay backlogs. The MD talks about plans to raise money
European carmakers warn against EU-US trade war
Europe's biggest automakers called on the European Union Thursday to avoid a "trade conflict" with the United States, days before Donald Trump officially returns as president. In a letter to European Commission President Ursula von der Leyen, the European automotive lobby urged the EU to "try to avoid a potential trade conflict".
Nintendo hopes to reprise blockbuster Switch with 2025 successor
Nintendo is betting on the 2025 release of a bigger, better version of its blockbuster Switch console to keep up the success of the third best-selling games machine of all time.
Nigeria’s external reserves falls amid debt repayment to China, IMF, World Bank
Data from the Central Bank of Nigeria shows that Nigeria's external reserves have fallen from $40.88 billion in December to $40.56 billion amid debt servicing.
China property giant Vanke's CEO 'taken away' by police: report
The head of one of China's biggest property firms has been "taken away" by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world's second-largest economy.
Oil giant BP cuts thousands of jobs to slash costs
British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.
China to probe US chips over dumping, subsidies
China said Thursday it would launch a probe into US exports of chips used in everything from cars to home appliances over concerns about alleged dumping and subsidies. Beijing did not say when the probe would be launched, nor how long it would take.
Chinese apps including TikTok hit by privacy complaints in Europe
Online privacy campaigners said Thursday they had filed complaints in several European countries against six Chinese companies including TikTok, accusing them of "unlawfully" sending Europeans' personal data to China.
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