The Crisis of Illicit Financial Flows in Nigeria Nigeria, a nation rich in natural resources such as oil, gas, and minerals, along with a large and industrious population, continues to face significant challenges in fulfilling its financial obligations. Public schools often suffer from poor infrastructure, hospitals lack essential supplies, and many infrastructure projects remain stalled…
Shenzhen Introduces New Policy to Support Innovation and Reduce Risks Shenzhen, a major technological hub in southern China, has introduced a groundbreaking policy that offers leniency to innovators whose government-funded projects fail or do not meet evaluation standards. This is the first of its kind policy statement from the Shenzhen Science and Technology Innovation Commission,…
One Nation Leader Challenges Net Zero Policy Pauline Hanson, the leader of One Nation, has taken a bold step by introducing an urgency motion in the Senate aimed at compelling the government to abandon its net zero emissions target. This move is expected to be debated and voted on by senators on Monday afternoon, intensifying…
Nigeria Faces Severe Revenue Losses Due to Illicit Financial Flows Nigeria is losing a staggering $18 billion annually due to profit shifting and aggressive tax avoidance by multinational corporations operating within the country. This alarming figure highlights the urgent need for comprehensive reforms to tackle illicit financial flows (IFFs) that are draining the nation’s resources…
A New Economic Snapshot for Nigeria Nigeria’s recent GDP rebasing marks a significant milestone in the country’s statistical history, offering a more accurate and comprehensive view of its economic landscape. After over a decade, the National Bureau of Statistics (NBS) has recalculated the nation’s GDP, reflecting a broader range of economic activities that were previously…
New Tax Law in Nigeria: Stricter Penalties for Non-Compliance Nigeria has introduced a significant update to its tax administration system with the enactment of the Nigeria Tax Administration Act, 2025. This new law empowers the Federal Inland Revenue Service (FIRS), now rebranded as the Nigeria Revenue Service (NRS), to impose substantial fines and penalties on…
Vanuatu’s Vision for Digital Transformation and Economic Growth Vanuatu, a South Pacific island nation with a population of around 330,000 people spread across 83 islands, is embarking on a journey to strengthen its economic foundations through digital transformation and international collaboration. The country is aiming to position itself as a bridge between the Global South…
Challenges in Development Projects Amid Economic Slowdown The sluggish economy has significantly impacted various sectors, including the property market and government initiatives. The development projects have faced setbacks, with land revenues declining and plans being put on hold. In a notable move, the Development Bureau canceled tenders for two sites designated for multi-storey buildings for…
The Rise of the African Democratic Congress in Ekiti The African Democratic Congress (ADC) is gaining momentum as it attracts defectors from various political parties, including the People’s Democratic Party (PDP) and the Social Democratic Party (SDP). This development has sparked optimism among supporters, especially after former Vice President Alhaji Atiku Abubakar called on his…
Growing Calls for Suspension of Gukurahundi Public Hearings The government is under increasing pressure to halt the ongoing public hearings related to the Gukurahundi atrocities, as various stakeholders, including civic organizations and political parties from Matabeleland, continue to demand regional and international attention on the issue. These calls are driven by concerns over the legitimacy…