By our Correspondent The Federal Government has advanced its tax reform agenda with the introduction of new Presumptive Tax Regulations, designed to formalize Nigeria’s large informal sector and enhance transparency in revenue administration. According to a statement by Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee (NTPIC),Continue Reading
Speaking at a press conference on the economy during the fourth session of the 14th National People’s Congress, Finance Minister Lan Fo’an said three key fiscal indicators will all reach new highs this year. He said total government spending will exceed 30 trillion yuan ($4.35 trillion) for the firstContinue Reading
Following the U.S.-Israeli military strikes against Iran that began on Saturday, global attention has turned to the Strait of Hormuz, particularly after Iran warned it could disrupt transit through this vital waterway in retaliation, sending shockwaves through international markets. What makes the strait so vital? Has this critical passagewayContinue Reading
QatarEnergy has suspended liquefied natural gas (LNG) production following a drone attack, straining the global LNG market. On Monday, Iranian drones struck two sites, according to Qatar’s Ministry of Defence: a water tank at a power plant in Mesaieed Industrial City and an energy facility in Ras Laffan belongingContinue Reading
The Chinese economy has demonstrated remarkable resilience, said an official at the International Monetary Fund (IMF). Despite domestic challenges and volatile external environment, the Chinese economy has demonstrated resilience, supported by both a global AI boom and proactive government policies, Thomas Helbling, deputy director of the IMF’s Asia andContinue Reading
China’s export control measures targeting certain Japanese entities aim to stop Japan’s remilitarization and its attempts to possess nuclear weapons, and are entirely justified, reasonable and lawful, a spokesperson for the Chinese Ministry of Commerce said on Thursday. Spokesperson He Yongqian made the remarks at a regular press briefing whenContinue Reading
Taicang, with its permanent resident population of less than one million, is a small city on the south bank of Yangtze River estuary. Known as the “hometown of German enterprises” in China, Taicang has gathered over 560 German-funded enterprises so far since the first German company Kern-Liebers settled here inContinue Reading
The federal government is in talks with GCL Group, a Chinese green and low-carbon technology company, over a proposed $5.7 billion investment spanning power, mining, and industrial manufacturing. Wale Edun, minister of finance and coordinating minister of the economy, received a high-level delegation from the firm in Abuja onContinue Reading
The Nigerian National Petroleum Company Limited (NNPC) has signed a tripartite Memorandum of Understanding (MoU) with China Gas Holdings Limited and Peiyang Chemical Singapore PTE Ltd. (PCCS), establishing a framework for structured collaboration across key segments of Nigeria’s natural gas value chain. Managing Director of PCCS, Tim Tian, disclosedContinue Reading
The European Union has failed to secure support from the United States and other G7 countries for a coordinated effort to block Russian oil deliveries under its proposed 20th package of anti-Russian sanctions, a diplomatic source in Brussels said, according to a report on Monday. The source, who spokeContinue Reading
