President Bola Tinubu departed Paris for Lagos for the MKO Abiola film premiere and strategic meetings with political leaders ahead of the 2027 general elections.
Nigeria’s Skills-to-Jobs Initiative will train 300,000 young Nigerians, backed by $617.7 million, and aims to link 80% of trainees to jobs across the country.
An Oxfam report has shown that a huge fraction of the wealthiest people in Nigeria evade paying taxes as 133 million citizens wallow in abject poverty.
Chinese drone maker DJI, which dominates the consumer global market, said Saturday it was suing the US Department of Defense, complaining that Washington had "erroneously" included the company on a Chinese military company blacklist.
Indonesian President Joko Widodo leaves office Sunday with high approval ratings thanks to strong economic growth, but his successor Prabowo Subianto has bigger ambitions, including an eye-catching $28 billion free meal plan for students. His big campaign pledge is a $28 billion plan to supply tens of millions of schoolchildren and pregnant women nationwide with free meals.
Glinting in the sun by the world's biggest nuclear plant, the Sea of Japan is calm now. In addition to the recently built sea wall, an embankment has been enlarged and reinforced.
The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt. In the latest fiscal year, there was a near 30 percent rise in spending on interest on the public debt, largely due to higher interest rates, the Treasury noted.
Authorized dealers who take advantage of the foreign exchange system will face consequences, according to Olayemi Cardoso, governor of the Central Bank of Nigeria.
A damaged ship, spurned by European ports because of its potentially explosive cargo, has been stranded in the North Sea for weeks while authorities work out what to do with it. After the vessel set off from the Russian port of Kandalaksha on August 22, it ran into a storm in the Barents Sea and limped, damaged, into the Norwegian port of Tromso for damage inspection.
A new tax guideline will soon see reality television and lottery winners pay about five per cent in taxes while high net-worth individuals will pay 25%.
Procter & Gamble reported a decline in profits on slightly lower sales Friday as the company said a recovery in China was still a number of quarters away. Beauty sales were dented by volume declines in Greater China, where the super-premium SK-II skin care brand has been weak for a number of quarters.
Economy
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