Stefano Gabbana has stepped down as chairman of Dolce & Gabbana, though he will remain active in shaping the brand’s creative direction. The company confirmed that the 63-year-old left his corporate roles effective January 1, describing the decision as part of a broader shift in its organisational and governance structure. In a statement, the move…
The Trade Union Congress of Nigeria (TUC) has warned that the price of Premium Motor Spirit (PMS), commonly known as petrol, could rise to nearly ₦2,000 per litre if urgent steps are not taken to address the impact of soaring global crude oil prices and the weakening naira. Speaking to journalists on Thursday, April…
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Individual annual tax returns by two weeks, from April 1 to April 14, 2026. LIRS announced the extension on Monday, March 30, in a press statement signed by the Head, Corporate Communications, Monsurat Amasa-Oyelude. Amasa-Oyelude quoted the Executive Chairman of LIRS, Dr. Ayodele…
Amid persistently high petrol prices across Nigeria—despite the availability of domestic refining—management of Dangote Refinery has said the expected relief from local production is being undermined by global market pressures, particularly tensions in the Middle East. Speaking in an interview on Arise Television, the refinery’s Managing Director, David Bird, explained that fuel pricing remains tied…
The Nigerian naira edged lower to N1,383.5/$ on Tuesday, slipping slightly from N1,383/$ recorded the previous day, as falling external reserves and cautious global sentiment continued to weigh on the currency. Figures from the Central Bank of Nigeria showed the naira traded between N1,372/$ and N1,389/$ خلال the session. The mild depreciation reflects sustained…
The new standards apply to deposit money banks, mobile money operators, international money transfer operators, payment service providers, and other regulated financial institutions. According to the Central Bank of Nigeria (CBN), the policy is designed to strengthen the country’s financial crime detection framework as financial services become increasingly digital. “The Baseline Standards provide a framework…
Dr. Dre has officially joined the ranks of billionaires. On March 10, Forbes released its updated World’s Richest People list, with the legendary music producer appearing for the first time with an estimated net worth of $1 billion, largely earned through his music career and his headphone brand empire. The new ranking places Dr. Dre…
The Central Bank of Nigeria (CBN) says its gold reserves have increased to $3.5 billion following the acquisition of newly refined gold that meets the London Bullion Market Association (LBMA) Good Delivery standards. In a statement issued on Wednesday, March 4, the apex bank said the gold was sourced locally through the national gold purchase…
The Federal Government has outlawed the use of roadblocks for collecting taxes and levies across the country and introduced a new Presumptive Tax Framework (PTF) aimed at formalising millions of small and informal businesses. The initiative is designed to simplify tax compliance for traders, artisans and micro enterprises by creating a more straightforward payment system.…
A growing gap between home sellers and buyers is reshaping the U.S. housing market. In January, there were about 600,000 more sellers than buyers nationwide — a 44% difference — according to a new analysis by Redfin. The New York Post reported that this represents the second-largest imbalance since Redfin began tracking the data in…
