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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Big win for naira: CBN announces $8.6bn FX turnover as dollar inflows surge, reserves hit new high
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Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
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China and US agree to fresh trade talks
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Xi says China must apply 'more proactive' macroeconomic policies in 2025
President Xi Jinping said China will put in place "more proactive" macroeconomic policies next year, state media reported, as he addressed a top political advisory body on Tuesday.
US, China top indebted countries' list as global debt nears $102trn
The International Monetary Fund (IMF) has revealed that the US, China, Japan and seven other advanced countries contribute to the global public debt in 2024.
Asian stocks dip as Santa snubs Wall Street
Asian stocks ended the year in the red on Tuesday after worries about 2025 and profit-taking turned Wall Street's usual holiday-period "Santa Claus rally" into a mini-rout. Tokyo was shut on Tuesday, with the Nikkei 225 posting on Monday its best year-end close since Japan's asset bubble burst in the 1990s.
US Treasury says was targeted by China state-sponsored cyberattack
US Treasury says was targeted by China state-sponsored cyberattack
Venezuela fines TikTok $10 million over viral challenge deaths
Venezuela's highest court on Monday fined TikTok $10 million in connection with viral challenges that authorities say left three adolescents dead from intoxication by chemical substances. According to Venezuelan authorities, three adolescents died and 200 were intoxicated in schools across the country after ingesting chemical substances as part of social media "challenges."
World Bank releases $1.5 billion to Nigeria after subsidy removal, tax reforms
The Nigerian government has received a $1.5 billion loan disbursement from the World Bank after meeting two critical conditions including subsidy removal
CPPE releases projections for 2025, inflation, energy cost, naira
The Centre for the Promotion of Private Enterprise (CPPE) has provided insights into what Nigerians and businesses should expect in the new year, 2025.
Nigerians brace up for service disruption from MTN, Airtel, others over rising operation costs
Telecom operators have warned that the rising costs of operation in Nigeria may lead to service cuts and disruptions as the financial burden has become unbearable.
Auditor General accuses CBN of misusing N2.7 trillion Ways And Means interests
The Nigerian government, via the Office of the Auditor General, has accused the Central Bank of Nigeria (CBN) of misusing N1.7 trillion Ways and Means interests.
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