Washington, Oct. 2, 2025 – The US federal government might be shut down, but President Trump is making every effort not to let that slow down his economic agenda. The president’s economic priorities that aren’t directly related to the stoppage won’t be interrupted, as administration-authored shutdown contingency plans allow for tariff rollouts to continue and a $20 billion bailout for Argentina to remain intact. The White House also appears set to use the funding shortfall as an opportunity to expand Trump’s imprint, with the president promising to use expanded …
FG launches new personal income tax calculator
Abuja, Aug. 22, 2025- The federal government has announced the launch of a new Personal Income Tax Calculator that will enable stakeholders to estimate their taxes under the new tax laws. Speaking on the launch of the new calculator, President Bola Tinubu advised Nigerians to take advantage of the personal income tax calculator to appreciate the advantages of the new tax laws that will take effect on January 2026. The president, in a post on his X handle on Thursday night, said the tax calculator had established the new tax …
Astonishing figures show just how much money America is making from Trump’s new tariffs
Washington, June 24, 2025 – The US raked in an astonishing $37.8 billion from import duties in April and May as Trump’s tariffs Donald Trump’s tariff began to kick in. The staggering figures show the real cost for businesses, but the real benefits to the Treasury’s coffers. The government raked in $15.6 billion in April, before leaping 42 percent to $22.2 billion in May, according to Treasury data. The duties collected in May accounted for 6 percent of the government’s total income for the month. Although the figures are …
FG secures landing slot for Air Peace at Heathrow Airport in London
Abuja, June 23, 2025 – The Federal Government has secured a landing slot for Air Peace Airline at Heathrow Airport in London effective from October 26. Festus Keyamo, the Minister of Aviation and Aerospace Development, disclosed this in a statement at the weekend. The statement, signed by Tunde Moshood, the minister’s Special Adviser on Media and Communications, said the achievement followed sustained diplomatic efforts by the Federal Government to enforce reciprocity in international air travel agreements. He said the achievement was after months of negotiations and firm diplomatic engagement with …
Japan’s exports post first drop in 8 months as US tariffs hit auto firms
Tokyo, June 18, 2025 – Japan’s exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of Tokyo to clinch a trade deal this week will likely pile pressure on a fragile economy. Prime Minister Shigeru Ishiba said after the Group of Seven summit in Canada on Tuesday his country had not reached a comprehensive tariff agreement with Washington as some disagreements persisted between the two nations. Tokyo is scrambling to find ways to get Washington …
PwC to slash 1,500 jobs in US
New York, May 6, 2025 – PwC, formerly known as Price Waterhouse, is set to reduce its US workforce by approximately 1,500 positions, the Financial Times reported. This decision is a response to an extended period of unusually low staff turnover, the publication said citing a person familiar with the matter. The job cuts represent a 2% reduction in PwC’s US workforce, which stands at 75,000. These measures, impacting roles within the audit and tax sectors, are the culmination of a thorough business review process. A PwC spokesperson said: “This was …
Moody’s cuts profit forecast on market volatility after solid first quarter
New York, April 22, 2025 – Moody’s reported higher first-quarter profit on Tuesday, on strong momentum in its analytics unit and a pickup in bond issuance, but it tempered expectations for the year due to the market volatility. Shares of the financial insights company, best known for rating the creditworthiness of corporate and government bonds, fell 2% before the opening bell. The forecast cut comes as fears of disruption from fluctuating U.S. trade policy have led companies to pause debt issuance. Moody’s results are closely scrutinized by traders looking to assess …
Market panic mounts as world scrambles to temper Trump tariffs
Washington, April 7, 2025 – Oil prices dropped below US$60 a barrel for the first time since April 2021, even with countries seeking compromise on tariffs Wall Street was braced on Sunday for significant losses at the start of the week over US President Donald Trump’s punishing tariffs on exports to the United States, as oil prices plummeted even with countries seeking compromise. The Republican has remained defiant since unleashing the blitz of tariffs on stunned nations around the world Wednesday, insisting that his policies “will never change” even as …
Another blow for Elon Musk after his $44 billion prized possession crashed
Washington, March 29, 2025 – Elon Musk’s X, formally known as Twitter, was hit by another major outage that plagued users nationwide Friday. The platform, which Musk purchased for $44 billion, went down around 2:30pm ET as users noticed the app and website were not working. Downdetector, a site that monitors online outages, revealed the outage was largely hitting the eastern half of the US. By 3pm, over 50,000 X users had reported a problem to the outage-monitoring website. Although the problems appeared to start in the east, the biggest trouble zones …
Time running short for Canada, Mexico, China to avert Trump’s tariffs
Washington, March 3, 2025 – Time is running short for Canada, Mexico and China to avert sweeping tariffs announced by US President Donald Trump, with the planned levies to take effect past midnight over what he deems an “unacceptable” flow of drugs. Trump unveiled — then paused — blanket tariffs on imports from his country’s major trading partners Canada and Mexico in February, accusing them of failing to stop illegal immigration and drug trafficking. Over the weekend, US Commerce Secretary Howard Lutnick told Fox News that even as Mexico and …