Tag: France

  • Nigeria posts ₦6.69tr Q3 trade surplus as exports stay ahead of imports

    Nigeria posts ₦6.69tr Q3 trade surplus as exports stay ahead of imports

    2025-12-15 08:00:00

    According to The Punch, Nigeria recorded a ₦6.69 trillion trade surplus in Q3 2025, with exports of about ₦22.81tn outweighing imports of about ₦16.12tn, continuing a run of positive trade balances.

    Punch quotes analysts attributing the performance to FX-market reforms, liberalisation and currency adjustments that improved export competitiveness while making some imports more costly.

    The report notes crude oil remained the dominant export, while stakeholders called for policy consistency and deeper non-oil export expansion to sustain gains.

    Analysis/Echotitbits take: A sustained surplus can ease external financing pressure, but it matters what’s driving it—higher export value-add or simply weaker import demand. Watch non-oil export momentum, crude output stability, and how FX policy affects manufacturers’ input costs.

    Source: The Guardian Nigeria News — December 12, 2025

    Photo credit/source: The Guardian Nigeria News

    The Guardian Nigeria News https://guardian.ng/business-services/nigeria-records-trade-surplus-of-n6-9tr-in-q2-2024-nbs/ December 12, 2025

  • FIRS pushes back on sovereignty fears over France tax cooperation MoU

    FIRS pushes back on sovereignty fears over France tax cooperation MoU

    2025-12-15 08:00:00

    According to The Punch, the Federal Inland Revenue Service (FIRS) said a tax-cooperation MoU with France does not compromise Nigeria’s tax sovereignty amid public debate and calls from some groups to terminate the arrangement.

    The report says FIRS framed the agreement as technical cooperation and capacity support, rather than any transfer of authority over Nigeria’s tax administration.

    Punch notes the controversy underscores rising sensitivity around external partnerships as Nigeria pursues broader revenue and tax reforms.

    Analysis/Echotitbits take: Cross-border tax cooperation can improve enforcement against profit shifting and illicit flows, but trust and transparency are essential. Watch for publication of key MoU terms, parliamentary oversight, and how FIRS explains safeguards on taxpayer data and jurisdiction.

    Source: Business Insider Africa — December 2025

    Business Insider Africa https://africa.businessinsider.com/local/lifestyle/nigeria-signs-tax-data-mou-with-france-raising-sovereignty-concerns/db2qdg7 December 2025

  • India records over 30,000 coronavirus deaths as US tops 4m cases

    India records over 30,000 coronavirus deaths as US tops 4m cases

    Official data reveals that Coronavirus death toll in India has now surpass number of fatalities in France on Friday with 30,601 deaths and nearly 50,000 new cases overnight.

    According to AFP tally, the figure of coronavirus death in India is the sixth-biggest behind the US, Brazil, Britain, Mexico and Italy.

    Having the third-highest caseload with almost 1.3 million infections, the country has in the past 24 hours recorded 740 new deaths from the virus and 49,310 fresh infections, health ministry revealed.

    READ ALSO: More than 10,000 health workers in Africa infected with COVID-19 – WHO

    But many experts say that with testing levels low, the extent of the pandemic across the world’s second-most populous country may be far worse than officially reported.

    A antibody study commissioned by the government showed this week that almost a quarter of people in the capital New Delhi have had the virus — almost 40 times the official number.

    Prime Minister Narendra Modi’s government imposed one of the world’s strictest lockdowns in late March, but it has been steadily eased to lessen the devastating economic impact of the pandemic.

    State governments have brought in fresh restrictions as cases soar in Bangalore and away from the big cities in Bihar, West Bengal, Kashmir and parts of Tamil Nadu.

    Southern Kerala state, earlier hailed as a success story and which has already imposed partial restrictions, may decide on Monday to impose a full statewide lockdown, reports said.

    In the United States the coronavirus pandemic hit grim new milestones on Thursday as cases topped four million and in Europe, three million, as fresh spikes from Belgium to Tokyo to Melbourne forced new restrictions on citizens.

    While EU lawmakers combed through a huge aid package for their economies, the UN called for a basic income for the world’s poorest to help slow the spread of the pandemic, and the Red Cross warned of “massive” new migration caused by the economic devastation.

    The United States, the hardest-hit country in the pandemic, added one million new cases in just over two weeks, according to a tracker maintained by Johns Hopkins University. There have been more than 143,000 US deaths overall.

    READ ALSO: NDDC Contracts: Akpabio claims he was misunderstood by NASS

    The country has seen a coronavirus surge, particularly in southern and western states, as Texas, California, Alabama, Idaho and Florida all announced record one-day death tolls.

    Meanwhile, the European continent now accounts for a fifth of the world’s more than 15 million cases and remains the hardest hit in terms of deaths, with 206,633 out of 627,307 worldwide.

    A 750-billion-euro post-coronavirus recovery plan was hammered out at an EU summit this week, where fiscally rigid nations butted heads with hard-hit countries like Spain and Italy that have called for huge aid grants.

    AFP