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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Finally, relief for naira: Nigeria’s reserves hit 5-year high amid global uncertainty
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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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China and US agree to fresh trade talks
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Asia stocks mixed after Wall St hits new highs
Asian markets were mixed on Friday following recent strong gains and after the Dow and the S&P 500 hit new records. Modest gains on Wall Street came after an upward revision to US GDP for the second quarter and bumper results from AI chip giant Nvidia.
Cash-strapped Taliban look to airspace for windfall
Far above Kabul, the cash-strapped Taliban government has located a potentially lucrative revenue stream: Afghanistan's airspace. Against such economic headwinds, the airspace revenue stream "is helpful for the cash-strapped current administration", said Sulaiman Bin Shah, former deputy minister of industry and commerce in the ousted government and founder of the Catalysts Afghanistan consultancy.
Trump thumbs nose at decades of India courtship
India once united US policymakers like few issues. US policymakers have long skirted around India's sensitivities on Kashmir and sought to contain fallout from disagreements on other issues.
Brazil police target network that siphoned billions from fuel sector
Brazilian police cracked down Thursday on a sprawling criminal network that defrauded motorists at petrol pumps and concealed billions of dollars in illicit earnings in cahoots with financial companies. Brazilian police released images of a mass deployment of officers in Sao Paolo's Faria Lima Avenue Thursday, where many financial institutions are headquartered.
Luxury carmaker Lotus to slash UK jobs amid US tariffs
Chinese-owned luxury carmaker Lotus said Thursday that it planned to cut up to 550 UK jobs, in part over uncertainty caused by US President Donald Trump's tariffs. The carmaker, which is majority owned by Chinese auto giant Geely, has several sites in the UK, including its headquarters in Hethel, eastern England.
Small parcels in limbo as Trump moves to end US tariff exemption
An approaching US deadline to end tariff exemptions on small parcels has tripped up global deliveries to the world's biggest economy, with businesses halting shipments to American consumers and mulling price hikes. Massicotte said: "This tariff war is just going to hurt the American and the Canadian consumer, especially small business owners." bys/bgs
US Fed Governor Lisa Cook sues Trump over move to fire her
US Federal Reserve Governor Lisa Cook filed a lawsuit Thursday to challenge Donald Trump's move to fire her from her position -- as the president intensified pressure on the independent central bank.
Naira strengthens as FX reserves hit $41.2bn: Fresh dollar inflows boost confidence
The naira rebounded in the foreign exchange markets, from N1,537.60 to N1,537.07 per dollar on Wednesday, August 27, 2025, amid foreign reserves.
Consumers cry out as egg prices hit N6,500 per crate despite cost slash claims
Consumers have lamented the soaring price of eggs, despite the Poultry Association of Nigeria (PAN) announcing a 10% cut in farm gate egg prices.
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