Business

NITDA Accuses X, TikTok of Tax Non-Compliance in Nigeria The National Information Technology Development Agency (NITDA) has identified social media platforms X (formerly Twitter) and TikTok for failing to comply with tax filing requirements set forth in accordance with Nigeria's Regulatory framework. In a report obtained...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Osun State has issued a warning to petroleum marketers against hoarding and all forms of illegal practices before, during and after Christmas celebrations. 

According to Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), corruption has become a huge enterprise in Nigeria as theft of public resources across all levels of government remains a grave concern. 

The Naira experienced a sharp drop from N1600 to N1,780 per dollar on Wednesday which reversed its recent gains in the black market. 

The World Trade Organisation (WTO) reported steady growth in goods trade during the fourth quarter of 2024. 

The International Labour Organisation (ILO) reports that global real wages have grown by 2.7 per cent—the highest in 15 years—but wage recovery remains inconsistent, with ongoing inequalities and stagnant growth in Africa, Northern America, and parts of Europe.