Economy

43 Posts
Nairametrics
Nairametrics
· May 18

Shell confirms it paid Nigeria $5.34bn in taxes, charges in 2024, its highest government payout globally 

Shell Plc paid $5.34 billion to the Nigerian government in 2024, marking its highest global government payout, surpassing payments to Oman, Brazil, and Norway. Most of the payments, over 71%, went to the Nigerian National Petroleum Corporation (NNPC), totaling about $3.8 billion, with additional amounts paid as taxes, royalties, and...
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Business
Thesun
Thesun
· May 18

China to establish electric vehicle factories in Nigeria

The Chinese Ambassador to Nigeria, HE Yu Dunhai, emphasized enhancing collaboration in Nigeria’s solid minerals sector with plans to establish electric vehicle factories. The initiative aligns with Nigeria’s economic diversification goals and recent strategic partnership agreements between Presidents Bola Tinubu and Xi Jinping. Concerns about illegal mining involving some Chinese...
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Business
Vanguardngr
Vanguardngr
· May 18

Canada pauses some counter tariffs against US

Canada has temporarily paused some counter tariffs against the United States but maintains that 70% of these tariffs are still in place. Finance Minister Francois-Philippe Champagne denied claims that all retaliatory tariffs were quietly lifted, emphasizing a calibrated approach to limit economic harm. The pause affects sectors like food and...
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Business
Africa.businessinsider
Africa.businessinsider
· May 18

France injects €100 million support into Nigeria’s creative economy

Nigeria and France have strengthened bilateral relations with France committing up to €100 million in concessionary funding to support Nigeria’s creative infrastructure. Nigeria’s Minister of Arts, Culture, and the Creative Economy, Hannatu Musawa, emphasized that the funding aims to empower talent, create jobs, and position Nigeria as Africa’s creative capital....
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Business
Vanguardngr
Vanguardngr
· May 18

Ukraine moves toward national bitcoin reserve amid push for crypto regulations

Ukraine is preparing to establish a National Bitcoin Reserve as part of new digital asset regulations, signaling a strategic shift in its cryptocurrency policy. Draft legislation supporting the reserve is nearing completion, following earlier efforts to regulate digital assets that faced legislative challenges. Discussions include creating a new regulatory body...
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Business
Vanguardngr
Vanguardngr
· May 16

Dua Lipa becomes youngest person on UK’s under-40 rich list

Dua Lipa, aged 29, is the youngest person on The Sunday Times’ annual “40 Under 40” list of Britain’s wealthiest people under 40, with an estimated fortune of £115 million. The list also features celebrities like Daniel Radcliffe, Harry Kane, and Andy Murray, while Adele, Harry Styles, and Ed Sheeran...
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Business
Nairaland
Nairaland
· May 14

Tinubu’s Second Term Non-negotiable – Okpebholo – Politics – Nigeria

Governor Monday Okpebholo of Edo State declared President Bola Tinubu’s bid for a second term in 2027 as “non-negotiable,” urging traditional rulers from the South-South region to support Tinubu’s re-election. Okpebholo praised Tinubu’s economic policies aimed at revitalizing Nigeria’s economy and increasing state allocations for development projects. The governor highlighted...
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Economy
Coindesk
Coindesk
· May 10

Dogecoin Surges 10%, Bitcoin Nears $104K Amid Renewed ‘Risk-on’ Sentiment

Bitcoin surged past $100,000, nearing $104,000 for the first time in over two months amid improving macroeconomic sentiment and Ethereum’s successful Pectra network upgrade. Altcoins saw gains led by Dogecoin’s 10% rally and Ethereum’s 3.5% rise, while other major cryptocurrencies like Solana, Cardano, XRP, and BNB also experienced increases of...
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Business