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.
Economy
Most viewed
Popular
- How the National Single Window transforms Nigerian commerce
- Farmers name those responsible for rice selling above N80,00 per bag
- New tax law replaces reliefs with rent-based deductions, capped at N500k
- FG invites Nigerians to apply for N50k for their business, releases link
- Tourism deal puts one of Egypt's last wild shores at risk
Economy Latest News
Novo Nordisk cuts earning forecasts again, names new CEO
Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, on Tuesday lowered its full-year earnings forecasts again as it unveiled a new chief executive to tackle "recent market challenges".
Naira trades steady as dealers buy dollar at new rate, FX reserves rise to $38.765 billion
The Nigerian currency, the naira's traded flat in the official foreign exchange market on Monday, July 28, 2025, amid interventions by the Central Bank of Nigeria.
LA wildfires push insurance losses to highest since 2011: Munich Re
The Los Angeles wildfires drove insured natural disaster losses in the first half of the year to their highest level since Japan's Fukushima disaster in 2011, German reinsurance giant Munich Re said Tuesday. Insurers took almost $80 billion (69 billion euros) of losses from natural disasters worldwide, Munich Re said, the second-highest hit since 1980.
Spotify sees 12% rise in paid subscribers
Spotify saw paying subscribers rise 12 percent to 276 million customers in the second quarter of 2025, the world's top music streaming service said on Tuesday, though profits fell below expectations. The below-expectation profit announcement comes as the streamer has found itself at the centre of the debate over music generated by artificial intelligence.
European pharma industry still worried about tariffs
The European pharmaceutical industry said Tuesday that it remained concerned a EU-US trade deal reached at the weekend does not provide certainty for critical sector. The EFPIA trade association for the European pharmaceutical industry said it was monitoring announcements on the details of the deal "as key implications for the pharmaceutical sector remain uncertain".
FG shares 6 steps to apply for free skill training, sets deadline for online registration
The federal government, through the National Directorate of Employment (NDE), has announced the second phase of the Renewed Hope Employment Initiative (RHEI)
Chinese, US officials meet for 2nd day of trade talks in Stockholm
Chinese and US delegations met for their second day of trade negotiations in Stockholm, with both sides said to be aiming to extend a truce due to end in two weeks' time. The 90-day truce is meant to end on August 12.
Barclays bank profit jumps on US tariffs volatility
British bank Barclays posted on Tuesday second quarter profits that beat expectations as traders benefitted from volatility in global markets caused by US President Donald Trump's tariff blitz. The bank said the boost to its global markets income reflected "continued support provided to clients through a volatile market environment".
Philips chops back US tariff bill
Dutch medical equipment manufacturer Philips said Tuesday that the impact of US tariffs would be much less than it initially estimated, sending its share price surging. It said Tuesday it now expects between 150 and 200 million euros impact from US tariffs this year.
Economy
Load more