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Nairametrics

2 Posts
Nairametrics
Nairametrics
· May 8

Temu billionaire, Colin Huang is $4.37 billion richer in 2025 

Colin Huang, founder of Pinduoduo and global shopping platform Temu, saw his net worth increase by $4.37 billion in 2025, reaching approximately $38.6 billion. Huang holds a 25% stake in Pinduoduo, which reported revenues of about $54.7 billion in 2024, driven by growth in both Chinese and international markets. Since...
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Business
Nairametrics
Nairametrics
· May 7

Senate passes two tax reform bills to modernize Nigeria’s fiscal framework, retains VAT at 7.5% 

The Nigerian Senate approved two major tax reform bills, including the Nigeria Revenue Service Establishment Bill and the Joint Revenue Board Establishment Bill, aiming to modernize the country’s fiscal system. The Senate rejected the proposed increase in VAT from 7.5% to 10%, keeping it at 7.5%, and introduced a 4%...
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