Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the Central Bank of Nigeria (CBN) nears.
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Germany's Thyssenkrupp cuts targets as US tariffs weigh
Thyssenkrupp's shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak demand amid US President Donald Trump's tariff onslaught. The group has long been struggling, particularly as its traditional steel business faces competition from Asia, but the turmoil triggered by Trump's tariffs have worsened its problems.
NNPC celebrates landmark court case win, avoids paying N5bn damages to top politician
The Nigerian National Petroleum Company (NNPC) Limited celebrated winning what it called a landmark court case win against its ex-chairman and void N5bn damages.
UK economy slows less than feared after tariffs
Britain's economy performed better than expected in the second quarter as it weathered the impact of US tariffs and a higher UK business tax, official data showed Thursday. Official data Wednesday showed UK unemployment at a four-year high of 4.7 percent in the second quarter.
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