As the Trump administration places thousands of USAID workers on leave, a closer look at the agency's spending raises questions.
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The Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Professional Accountants of Canada (CPA Canada) have signed a Memorandum of Understanding (MOU), effective February 1, 2025.
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Last Week’s Market Review!
What do you think about these performances?
Please feel free to share your comments and insights below.
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Every step you take today is a gift to your future self. Walk boldly, dream big, and make it count.
Cheers to a new month of insight, innovation, and implementation!
Happy New Month!
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#Happynewmonth#Firsticon#February
Oil remains dominant in Nigeria's revenue, making up 33% from Jan-Aug 2024. Other sectors like federal independent revenue (18%), customs (7%), and education tax (7%) are growing contributions. Corporate tax, VAT, and grants show a shift to a more diversified economy.
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President Trump proposes eliminating income tax and replacing it with tariffs on imports to boost economic growth and disposable income.
Critics warn of inflation and budget issues, but he’s committed to tax reform.
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The top 5 African Nations on the US deportation list according to US Immigration and Customs Enforcement (ICE), have Somalia leading the pack, followed by Mauritania, Nigeria, Ghana andGuinea.
What does this mean for these countries and their citizens?
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LivingCost.org reveals shocking global cost of living differences.
In the U.S., it's $2,454/month, but in Mexico it's just $889.
Thailand & Ecuador offer lifestyles for ~$876 & $814, while Peru is the cheapest at $804/month! Stay informed with #FirstIcon.
NAFDAC’s "Operation Clean Up Aba" shuts down 240 illegal factories, destroying over 1,500 cartons of counterfeit products worth N5 billion, including fake Hennessy, Coca-Cola, and Peak Milk.
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The world’s top 35 companies raked in $10.7 trillion in revenue, surpassing the GDPs of many nations! Notable names like Walmart ($648B), Amazon ($575B), Saudi Aramco ($495B), Sinopec ($546B), and CNPC ($422B) lead the charge.
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Nigeria’s VAT revenue is experiencing significant growth, driven by the country’s top three VAT earners: Manufacturing, Information and Communication Technology (ICT), and Mining.
These sectors contributed N205 Billion, N192.8 Billion and N174.4 Billion respectively.
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BRICS nations are exploring a gold-backed digital currency to reduce reliance on the U.S. dollar in trade. However, the U.S. warns of a 100% tariff if the plan proceeds. With 16% of global gold reserves, BRICS faces coordination and geopolitical challenges. #BRICS#Firsticon
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