The Nigerian government has phased out the previous personal income tax laws, introducing a new rent-based deduction capped at N500,000 for tenants.
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US govt protests import bans on 25 products by Nigerian govt, shares lists
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FG invites Nigerians to apply for N50k for their business, releases link
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25 Banned Items: US may ban more products, data shows top Imports from Nigeria in 2025
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CBN sends warning to those spraying, hawking naira, advocates clean naira note
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India's Modi dangles tax cuts as US tariffs loom
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APA to acquire Callon Petroleum in $4.5 bn deal
US energy company APA Corporation has agreed to buy competitor Callon Petroleum in a transaction valued around $4.5 billion including debt, the firms announced Thursday, marking the latest deal in the sector.
Naira tops list of worst-performing currencies in Africa in 2023, tumbles to lowest in history
The Nigerian currency, the naira is leading the pack of African currencies with the worst outing in 2023, depreciating by at least 55% in the last year.
US private sector hiring up more than expected in December
The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates. In December, ADP noted that service-providing industries added 155,000 jobs, while goods producing sectors added 9,000 roles.
German emissions at 70-year low as coal use drops
German emissions were at their lowest point in around 70 years, as Europe's largest economy managed to reduce its dependence on coal faster than expected, a study published Thursday showed. The figure was at its lowest point "since the 1950s", Agora said in a statement, while warning that Germany had work to do to further reduce its emissions.
German car sales up in 2023 but electric models lose ground
Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models. The end to the subsidy programmes has further taken the wind out of the electric car market, with sales of battery models down in recent months.
TotalEnergies announces land review in controversial Africa projects
French energy giant TotalEnergies on Thursday said it had launched a land acquisition assessment for controversial $10-billion projects in Uganda and Tanzania slammed by environmentalists. TotalEnergies said Thursday it had named Benin's former Prime Minister Lionel Zinsou to lead its land acquisition assessment, calling him a "recognised expert in African economic development".
Asian markets extend new year retreat after Fed minutes
Asian markets continued their disappointing start to the year Thursday, tracking another loss on Wall Street after minutes from the Federal Reserve's December meeting dampened hopes for an early interest rate cut.
Private sector funding key to climate transition, World Bank chief says
The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday. - As part of a push to increase its climate financing, the World Bank Group recently raised its target for climate-related projects from 35 percent of its annual financing to 45 percent.
US interest rates likely to stay high 'for some time': Fed minutes
US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the most recent rate decision published on Wednesday.
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