All taxable individuals and organisations in Nigeria are expected to obtain a Tax ID to engage in banking, financial services, or government contracts.
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Nigeria’s new 5% fuel tax: What it means for petrol prices, transport, and consumers
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Big win for naira: Strong reserves, CBN's moves push dollar to lowest in months
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NCGC, financial institutions sign MoU to boost credit for youth and women businesses
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Over 12,000 jobs created as NEXIM Bank invests N420 billion in export sector
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Lagos, Rivers, Ogun lead top 8 states driving Nigeria’s economy with job opportunities
Economy Latest News
EU unveils recommendations to rein in powerful AI models
The EU unveiled on Thursday long-delayed recommendations to rein in the most advanced AI models such as OpenAI's ChatGPT and help companies comply with the bloc's sweeping new law. Under the law, developers of such models must give details about what content they used -- like text or images -- to train their systems and comply with EU copyright law.
Naira surges against dollar in official and black markets amid fresh inflows
The Nigerian currency, the naira, gained N9 on Wednesday, July 9, 2025, after a brief loss the previous day to close trading at N1,520 from N1,529 per dollar.
Mexico barred from sending cattle to US over flesh-eating pest
The US Secretary of Agriculture has announced ports will be closed to the livestock trade at the southern border after Mexican cattle tested positive for the flesh-eating New World screwworm (NWS). "We must see additional progress combatting NWS in Veracruz and other nearby Mexican states in order to reopen livestock ports along the Southern border," the official said.
In Indonesia, a start-up captures coolants to stop global warming
In the basement of a Jakarta housing complex, surrounded by the silver piping of the air-conditioning system, Indonesian technician Ari Sobaruddin is doing his part to tackle climate change.
Japan's sticky problem with Trump, tariffs and rice
Donald Trump's insistence that "spoiled" Japan imports more US rice is adding to Prime Minister Shigeru Ishiba's problems ahead of elections that could sink his premiership after less than a year in office. - No sacrifice - As a result, Ishiba's government has been at pains to say it won't bend on the issue -- although this may change after the election.
Stocks mostly rise on trade deal optimism
Asian markets mostly rose Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump's tariffs even after he broadened his range of measures. The US president also said this week he would put a 50 percent tariff on copper imports, while considering a 200 percent charge for pharmaceuticals.
AI giant Nvidia becomes first company to reach $4 tn in value
Nvidia became the first company to touch $4 trillion in market value on Wednesday, a new milestone in Wall Street's bet that artificial intelligence will transform the economy. Shortly after the stock market opened, Nvidia vaulted as high as $164.42, giving it a valuation above $4 trillion.
US senator warns of fossil fuel coup, economic reckoning
One of the US Senate's leading climate advocates says President Donald Trump's administration no longer governs -- it "occupies" the nation on behalf of Big Oil. "This isn't even government any longer," the 69-year-old told a small group of reporters ahead of an address to Congress Wednesday -- his 300th so-called "Time to Wake Up" speech, delivered as activists reel from Trump's actions.
Starbucks receives bids for stake in China business: US media
Starbucks has received around 30 offers from investment firms seeking a stake in the company's China business, US media reported Wednesday. Starbucks declined to comment directly on any offers received but said it would not exit China.
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