LAGOS (Reuters) – Nigeria’s federal revenue agency said on Monday it had partnered with a traders association to collect value added tax (VAT) from millions of informal traders, part of a push to widen the tax base by President Bola Tinubu’s government. Africa’s largest economy has embarked on its boldest reform agenda in decades, including …
Nigeria targets millions of informal traders to boost tax Read More »
By Ron Bousso and Nerijus Adomaitis LONDON (Reuters) -Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives. The exploration revival – on …
Oil giants drill deep as profits trump climate concerns Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Monday, recovering some losses incurred last week along with other emerging market currencies. At 1523 GMT, the rand traded at 18.7350 against the dollar, 0.48% higher than its closing level on Friday. The dollar last traded at 102.98, around 0.03% stronger against a basket of global currencies. …
South African rand strengthens against the dollar Read More »
By Kirstin Ridley LONDON (Reuters) -Mozambique’s blockbuster lawsuit against Credit Suisse and others over the $2 billion “tuna bond” scandal can proceed to trial, a London judge ruled on Monday, despite complaints that the African nation has failed to fully disclose documents. High Court Judge Robin Knowles said it was not just, proportionate or necessary …
Mozambique ‘tuna bond’ case against Credit Suisse can proceed, UK judge rules Read More »
(Reuters) – Apple Inc become the first company in the world to reach a market value of $3 trillion, buoyed by hopes over its expansion in new markets coupled with expectations of a more moderate approach to interest rate hikes by the Federal Reserve. The iPhone maker’s advance was among the most eye catching in …
Apple makes history as first $3 trillion company amid tech stock surge Read More »
JOHANNESBURG (Reuters) – South Africa’s electricity minister said on Sunday the country was closer to ending daily power cuts as warmer weather returns towards the end of the year, but declined to give a specific date. South Africa is on course to see its most blackout days in history this year with daily power cuts …
South Africa nearing end of daily power cuts, minister says Read More »
By Clara Denina and Brian Benza (Reuters) -Botswana and De Beers Group have agreed a new diamond sales deal in which the African country, the world’s No. 1 diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and …
De Beers agrees to give Botswana more rough diamonds in new sales pact Read More »
By Christian Akorlie ACCRA (Reuters) – Ghana’s independent power producers (IPPs) have suspended a threatened shutdown from July 1 after reaching an interim deal with the state-run Electricity Company of Ghana over arrears owed to them, the group said in a statement late on Friday. In late May, the IPPs rejected a government proposal to …
Ghana power producers call off shutdown after interim deal reached Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher and the dollar softened on Friday as investors closed the books on a solid quarter, with data showing progress in the Federal Reserve’s efforts to tame inflation. All three major U.S. stock indexes surged, notching weekly, monthly and quarterly gains. “It’s a nice …
Wall St ends strong quarter with broad rally, dollar dips as inflation cools Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt about the potential aggressiveness of the Federal Reserve in fighting inflation. U.S. Treasury yields were also mostly lower after the data. The Commerce …
