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The Chinese Embassy in Nigeria has lambasted Oby Ezekwesili, a former Minister of Education, for demanding compensation from China over the Coronavirus pandemic.

Former Nigerian minister appointed to IBFD board of trustees

IBFD, the world’s foremost authority on cross-border taxation, has announced the appointment of Dr Oby Ezekwesili to its Board of Trustees, effective from 1 April 2020.
Empty tables sit in St. Mark's square in Venice, Italy. Italy has been scrambling to check the spread of Europe's first major outbreak of coronavirus amid rapidly rising numbers of infections.

European economy to drop more than 10% on coronavirus restrictions

Bloomberg’s monthly survey of economists puts the contraction in the euro area at more than 10% in the January-June period, with most of the hit – 8.3% – in the second quarter. Even with an expected rebound later in the year, the bloc’s output will still decline more than 5% in 2020.
Facebook CEO Mark Zuckerberg (AFP Photo - Getty Images - Win McNamee)

Mark Zuckerberg to voice support for global tax on tech giants

Facebook CEO Mark Zuckerberg is to offer public support for international tax reform which would see technology giants pay more tax in Europe.
Facebook CEO Mark Zuckerberg (AFP Photo - Getty Images - Win McNamee)

Facebook’s Mark Zuckerberg wants ‘new framework’ for digital tax

Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his own paying more to national governments.

ECB chief tells Europe to ‘innovate and invest’

Christine Lagarde on Friday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Minister hails National Assembly on 2019 finance bill

Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, has lauded the attention, speed and commitment with which the National Assembly considered the Finance Bill 2019 submitted by President Muhammadu Buhari .
Lidya

Nigeria’s Lidya plans $1.1 billion SMEs loans for Czech, Poland

Nigerian fintech lending platform, Lidya, is targeting Poland and the Czech Republic for expansion after providing thousands of loans in Nigeria, seeing an opportunity in the funding gaps facing small enterprises in fast-growing European economies.
Leader of Poland’s ruling Law and Justice (PiS) party, Jaroslaw Kaczynski addreses supporters after the first exit polls during the party’s electoral evening in Warsaw, Poland, on October 13, 2019. – Poland’s governing right-wing Law and Justice (PiS) party won the general election in Poland, expanding its majority, according to an exit poll by the Ipsos institute. (Photo by Wojtek RADWANSKI / AFP)

Populists top Poland vote, expand majority on welfare, family values

Poland’s governing right-wing party took the lead in Sunday’s general election, an exit poll showed, expanding its majority thanks to a raft of welfare measures coupled with attacks on LGBT rights and Western values.

Climate change: Nuclear power game changer – IAEA

Climate change is one of the greatest challenges of our time and the goal of reducing greenhouse gas (GHG) emissions will be difficult to achieve without a significant increase in the use of nuclear power, IAEA Acting Director General Cornel Feruta said today.
Ukraine’s President Volodymyr Zelensky was urged by Trump in a July 25 phone call to investigate Democrat front-runner Joe Biden and his son Hunter, who was tied to a company owned by a Ukrainian oligarch.

Donald Trump scandal puts Ukraine’s president in akward position

Ukraine’s actor turned president may have been used to spotlight but revelations involving a phone call with U.S. President Donald Trump has shone a light on his inexperience, which could result in Ukraine being played as a political football.

Expert: Retention of MPR at 13.5 percent in order

Mr Tope Fasua, an economic expert, said the retention of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) was in order.
Facebook

France seeks Facebook Libra cryptocurrency ban in Europe

France’s economic minister declared that the French government intends to block the development of Facebook’s Libra cryptocurrency in Europe because of the systematic threats it poses to financial security and stability.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

France will block development of Facebook Libra cryptocurrency

France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
French Economy Minister Bruno Le Maire. Getty Images

US, France to lead talks on a global digital tax

France and the United States are taking leading roles in talks aimed at reaching a deal on a global digital tax by mid-2020.

African leaders to invest $1 trillion on infrastructure

African nations are targeting to invest $1 trillion over the next 10 years to bridge the worrisome infrastructure gap on the continent.

US tech industry leaders: French digital service tax harms global tax reform

Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it.
President Trump began his re-election rally by hammering his rivals and heralding his perceived successes. Erin Schaff-The New York Times

France faces Donald Trump on planned tax

France won’t back off from its planned tax on companies like Facebook and Google, even after the US suggested it may use trade tools against the levy.

UNHCR: 70 million people displaced globally by war, violence

The United Nations High Commissioner for Refugees (UNHCR), Filippo Grandi, has said that over 70 million people have globally been displaced by war, violence, sometimes combined with poverty or climate change.

Recent Stories

Presidential panel grills four EFCC sectional heads

The Justice Ayo Salami-led presidential investigation panel probing corrupt allegations levelled against the suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, on Tuesday grilled four-unit heads of the commission.

Lagos assemblymen go for coronavirus tests, fumigate complex

The Lagos State House of Assembly has directed all lawmakers to go for COVID-19 test following the death of the Chairman, House Committee on Information, Strategy and Security, Tunde Braimoh.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

Labour hails Nigerian government for remitting N7.45 billion workers’ retirement benefits

The Nigeria Labour Congress has commended the Federal Government for remitting N7.45 billion accrued rights and benefits into the retirement savings accounts of federal retirees covering April and May 2019.
CHRIS OKOTIE

Chris Okotie: Online church service unbiblical

Pastor of the Household of God Church International Ministries in the Oregun area of Lagos State, Reverend Chris Okotie, says online church service, which has become the order of the day due to the COVID-19 pandemic, is unscriptural.

Nigerian Breweries donates palliatives to journalists in Imo

The Nigerian Breweries Plc on Tuesday donated food items, sanitiser and drinks to members of the Correspondent Chapel of the Nigeria Union of Journalists (NUJ) in Imo.