economy
News on the global economies
Corporate Tax, VAT Drive Federation Account to N6.86tn in Q3 2024 – CBN
The report highlights that the increase in non-oil revenue was primarily driven by higher corporate tax and VAT collections. However, oil revenue declined by 24.72 percent to N1.30 trillion, falling 75.39 percent short of its quarterly target due to challenges
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Joe Biden Blocks $14.9 Billion U.S.-Japan Steel Deal Over National Security Concerns
President Joe Biden blocks Nippon Steel’s $14.9 billion acquisition of U.S. Steel, citing national security risks and concerns over foreign control of critical industries
In a landmark decision reflecting heightened national security concerns, President Joe Biden has blocked Japan’s Nippon … Continue Reading
CBN Clarifies Exit of 1,000 Workers, Denies Forced Resignations
Cardoso noted that the program is part of broader restructuring and reorganization efforts, which are common in both private and public sectors globally. He further explained that the initiative aims to maintain an efficient structure in the CBN.
Abuja, Nigeria … Continue Reading
Onne Customs Achieves N643 Billion Revenue in 2024
The Nigeria Customs Service (NCS), Area II Command, Onne, Rivers State, has announced a record-breaking revenue generation of N643 billion for 2024, exceeding its annual target of N618 billion by N25 billion. This remarkable achievement, represents 103% of the year’s
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MAGA Movement At War: H-1B Visa Policy Divide Trump’s Base
Trump’s Endorsement of H-1B Visas Ignites a Fiery Clash Between Silicon Valley Titans Advocating for Skilled Immigration and MAGA Hardliners Defending the ‘America First’ Agenda
Tech Titans vs. MAGA Hardliners
Tesla CEO Elon Musk has found himself at odds with … Continue Reading
JUST IN: China-Backed Hackers Breach US Treasury Systems In Major Cybersecurity Incident
Chinese Hackers Exploit Software Vulnerability to Breach U.S. Treasury Systems, Accessing Workstations and Sensitive Documents in a Major Cybersecurity Incident
The U.S. Treasury Department has confirmed a breach of its systems by a Chinese state-sponsored hacking group, marking what officials … Continue Reading
JUST IN: German President Dissolves Parliament, Sets February 23 Election Date Amid Crisis
Germany Faces Early Elections in February As German President Dissolves Parliament Amid Political Turmoil, Economic Challenges, and Rising Security Concerns Following Christmas Market Attack
Coalition Collapse Sparks Early Polls
Germany is heading for an early election on February 23 after … Continue Reading
JUST IN: Russia Bans Crypto Mining In 10 Regions Over Energy Concerns
Russia Cracks Down on Energy-Intensive Crypto Mining, Enforces Six-Year Ban Across Ten Regions to Address Power Consumption Challenges
Energy-Intensive Industry Faces Six-Year Restriction
Russia has announced a six-year ban on cryptocurrency mining across ten regions, citing high energy consumption as … Continue Reading
JUST IN: Canadian Province Opens Doors To Nigerian Students, Others With 2025 Government Internship Program
A Unique Chance for International Students to Build Careers, Gain Government Experience, and Develop Key Professional Skills in Prince Edward Island
The Government of Prince Edward Island (PEI), a Canadian province, has announced its 2025 Internship Program, offering international … Continue Reading
Primate Ayodele Unveils 2025 Prophecies: Bold Predictions on Tinubu, Wike, Atiku, Fubara, Others
The Leader of INRI Evangelical Spiritual Church, Primate Ayodele, has unveiled a 94-page compilation of prophecies for 2025, addressing critical issues surrounding Nigeria’s political, economic, and social landscapes.
In the document, titled Divine Messages for the Year 2025 and … Continue Reading