The Prime Minister of Grenada, Dickon Mitchell, has described the Dangote Petroleum Refinery and Petrochemicals as a significant investment in industrialisation and manufacturing needed by developing countries for their industrial growth. He noted that it is through this type of investment that Africa and the developing countries can reverse the cycle of exporting raw materials…
Germany’s GDP (gross domestic product) is expected to decline by 0.2% in 2024, according to a revised government forecast on Wednesday, meaning Europe’s biggest economy is on course for recession. The adjusted figures presented by Economy Minister Robert Habeck were down from previous estimates of 0.3% growth. The revised forecast does not come as a…
Tech Big Tech’s race for AGI heats up as OpenAI raises $6.6 billion. OpenAI has secured $6.6 billion in new funding, pushing its valuation to $157 billion, with a goal of reaching $11 billion in sales by next year. D.A. Davidson’s Gil Luria sees this target as achievable, but calls the company’s $100 billion sales…
Tether, the largest company in the digital assets industry, celebrates a decade of pioneering advancements and innovation that have shaped the ever-evolving landscape of digital assets. Since its inception in 2014, Tether has revolutionised finance by introducing the world’s first stablecoin, bridging traditional currencies and the rapidly growing digital asset market. Over the last decade,…
The 62 items exempted from VAT by the FG include gas generators and CNG/LPG dual-fuel vehicles. Check the full list of items below. The Federal Government (FG) has exempted 62 items from paying Value Added Tax (VAT). This was revealed by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, in a…
Sergei Ryabkov, the deputy foreign minister of Russia, gave a press conference on Thursday regarding the BRICS Summit that will take place in Russia later this month. According to Ryabkov, thirty delegations had confirmed their attendance, and additional countries could be considered for membership, such as Turkey, which filed a bid to join the organisation in…
