The newly introduced National Single Window has been touted as a -means to eliminate a lot of bureaucracy and consolidate all trade-related processes.
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CBN recapitalisation: Two national banks enter secret merger talks to beat the deadline
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Luxury carmaker Lotus to slash UK jobs amid US tariffs
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Naira strengthens as FX reserves hit $41.2bn: Fresh dollar inflows boost confidence
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Meet 10 African countries with the lowest debt to IMF in 2025, Nigeria missing
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US September trade deficit widest in over two years
The US trade deficit expanded in September to its widest since early 2022 as imports increased while companies stocked up ahead of possible disruptions like a dockworkers' strike, according to government data released Tuesday. The rise in imports came ahead of the year-end holiday season, and may be due to companies stocking up in anticipation of a dockworkers' strike.
'Black day': French workers protest Michelin plans to close two plants
Michelin factory workers burnt tyres in western France on Tuesday and vowed to stage a strike after the tyre company said it would close two plants by early 2026 over collapsing sales. Michelin had already closed its La-Roche-sur-Yon site in western France in 2020, and is preparing to close two plants in Germany by 2025.
Dutch, French authorities raid Netflix offices in tax probe
French and Dutch authorities raided streaming giant Netflix's offices in Paris and Amsterdam Tuesday as part of a tax fraud probe, a judicial source told AFP. The search of "various locations" in France by specialist financial investigators relates to suspicions of "covering up serious tax fraud and off-the-books work" and is part of a probe opened in November 2022, the source said.
Good news for banks as Nigerians repay N4.05 trillion loan to GTB, Access, Zenith, others
This repayment caused personal loan balances to drop 53.9% from N7.52 trillion in the first quarter to N3.47 trillion in the second, according to the CBN.
'Incalculable' bill awaits Spain after historic floods
The destruction wreaked by Spain's deadliest floods in a generation in one of the country's economic motors will leave a huge bill for the state and the insurance sector. The flooding of fields dealt a heavy blow to agriculture in the Valencia region, one of Spain's breadbaskets and a major citrus fruit exporter.
Expert explains what Tinubu's 'Tax Reform Bill' seeks to achieve
President Tinubu's Tax Reform Bill has been seen as transformative. It is designed to remove the complexities inherent in Nigeria's tax system and bring sanity.
Europe auto struggles lead to cuts at Michelin, Germany's Schaeffler
French tyre company Michelin said Tuesday it would close two French plants by early 2026 and German parts maker Schaeffler announced 4,700 job cuts, the latest signs of struggles in the European auto industry. The company said it would support its employees, including with job offers in other companies or within the group, or early retirement.
Norway speeds ahead of EU in race for fossil-free roads
On the quiet streets of an Oslo suburb, electric vehicles are parked in nearly every other driveway as Norway speeds towards its goal of becoming the first country free of fossil fuel-powered cars. - A-ha takes on EVs - Electric cars have also long benefited from other special privileges, like exemptions from city tolls and free parking in public car parks.
Nintendo lowers sales forecast as first-half profits plunge
Nintendo downgraded its annual sales forecast on Tuesday as net profit plunged 60 percent year-on-year in the first half, with fans awaiting the announcement of a new console. In the April-September period, Nintendo logged net profit of 108.7 billion yen ($710 million), down 60 percent from the same period a year earlier.
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