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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US Treasury chief to speak with China counterpart as tensions flare
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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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US appeals court finds Trump's global tariffs illegal
A US appeals court on Friday ruled that many of President Donald Trump's tariffs, which have upended global trade, were illegal -- but allowed them to remain in place for now, giving him time to take the fight to the Supreme Court. The US Court of International Trade ruled in May that Trump had overstepped his authority with across-the-board global levies.
US Spirit Airlines files for bankruptcy again
Budget US carrier Spirit Airlines said Friday that it will file for bankruptcy for the second time in a year, but will continue to fly, sell tickets and operate.
In whirlwind tour, Qatari royal commits $70bn to southern Africa
Qatari investment firm Al Mansour Holding has pledged $70 billion in investments across four southern Africa countries in a 10-day tour, a move analysts call strategic as US funding retreats from the continent.
Court battle underway as Fed Governor Cook contests firing by Trump
A US court on Friday began hearing Federal Reserve Governor Lisa Cook's challenge of President Donald Trump's attempt to fire her, in a legal battle set to have major implications for the US central bank and its independence. In the first hearing in the case, a judge in Washington considered Cook's request for a temporary order declaring Trump's attempt to oust her unlawful.
US banana giant Chiquita returns to Panama
US banana giant Chiquita Brands will resume operations in Panama and rehire thousands of workers fired after a crippling strike, the government of the Central American country said Friday. "The goal is to be operational no later than February 2026," said the government, adding Chiquita will invest some $30 million to resume production on 5,000 hectares of banana-growing land.
Naira gains ground as forex supply rises, external reserves hit $41.2 billion
The Nigerian currency, the naira, has continued to surge in the official foreign exchange market following improved dollar supply and low forex demand.
Austria orders YouTube to give users access to their data
Austria's data protection authority said Friday that it has ordered YouTube to comply with EU regulations and respond to requests by users for access to data that it holds on them. The complaint against YouTube was filed on behalf of an Austrian user with the country's Data Protection Authority.
Swiss economic outlook 'dampened' by US tariffs: key barometer
Switzerland's key economic barometer fell in August after US President Donald Trump imposed whopping tariffs on the export-reliant country, the Swiss Economic Institute (KOF) said Friday. "In August, the KOF Economic Barometer drops.
Trump son hypes bitcoin on Hong Kong leg of Asia trip
Eric Trump, son of the US president, urged a crowd in Hong Kong on Friday to buy bitcoin during a trip to Asia where his crypto company is reportedly seeking acquisitions. American Bitcoin, the bitcoin miner backed by Eric Trump and Donald Trump Jr., is seeking acquisitions in Asia, the Financial Times reported this month.
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