The federal government has reduced the import tariff on fully built passenger vehicles from 70 per cent to 40 per cent under its 2026 fiscal policy measures.
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Bag of pure water becomes costlier in major Nigerian state amid rising diesel, production expenses
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Naira strengthens to ₦1,342/$ as FX supply improves, CBN data shows
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CBN new PoS rules 2026: 8 key changes affecting cash withdrawals and deposits in Nigeria
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FG announces no plan to seek new IMF loan after clearing debts
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FG, Fidelity Bank unveil N500,000 YEIDEP grant programme for Nigerian youths
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Dutch chip giant ASML's net profits dip in 2024
Dutch tech giant ASML, which sells cutting-edge machines to make semiconductor chips, reported a drop in annual net profits Wednesday, as geopolitical headwinds and the emergence of Chinese AI start-up DeepSeek disrupt the sector. The tech sector has also been buffeted by the sudden emergence of DeepSeek, a low-cost Chinese artificial intelligence chatbot to rival its US competitors.
Red tape and rare earths: EU 'compass' charts economic future
Promising a "simplification shock", the EU will unveil a much-anticipated blueprint to revamp Europe's economic model on Wednesday, as the bloc struggles to keep up with China and the United States. Commission Vice-President Stephane Sejourne has promised "a simplification shock without affecting environmental targets".
Sony names new CEO in management reshuffle
Japanese electronics and entertainment giant Sony Group said Wednesday that it has promoted Hiroki Totoki to chief executive officer as part of a wider management reorganisation. It also announced "changes to its management structure to clarify management roles according to their responsibilities for the management of the entire Group or of each business".
UK eyes third Heathrow runway in growth takeoff bid
Britain's finance minister Rachel Reeves is on Wednesday expected to announce controversial plans for a third runway at London's Heathrow airport as the Labour government seeks to kickstart economic growth.
Asian markets track Wall St bounce as Fed decision looms
Asian markets rose in holiday-thinned trade Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses a day earlier as worries over Chinese AI startup DeepSeek subsided.
Facing Bolivia's economic crunch with toy houses, fake banknotes
For a month every year, thousands of Bolivians throng the stalls of an unusual market in La Paz, shopping for tiny toy houses and wads of fake cash -- substitutes for the real-life objects their hearts desire. I bought the little house with faith, and within a few years, I bought my (real) house."
Who might buy TikTok in the US?
As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running. Musk has criticized the potential ban, arguing that "it is not just about TikTok, it is about censorship and government control!"
Starbucks profits fall but points to progress in turnaround
Starbucks reported lower profits Tuesday in results that still topped expectations as the company's new CEO described various pilot program tests to reinvigorate the chain. Starbucks is also experimenting with algorithms that can improve efficiency in the production of drinks ordered through the company's smartphone app, Niccol said.
GM 2025 profit forecast clouded by Trump policy unknowns
General Motors faced questions Tuesday about the impact of potential moves by the Trump administration targeting trade and the environment, with the uncertainty overshadowing the company's latest results. Acknowledging the "uncertainty," Chief Executive Mary Barra said the company had been "proactive" in engaging the Trump administration and Congress.
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