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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Trade on agenda as Trump lands in Scotland for diplomacy and golf
US President Donald Trump landed in Scotland on Friday for a five-day visit set to mix diplomacy, business and leisure, as a huge UK security operation swung into place amid planned protests near his family-owned golf resorts.
Trump says '50/50 chance' of US-EU trade deal
Donald Trump said Friday there was a 50 percent chance of a trade deal with the European Union as the bloc's chief Ursula von der Leyen announced a weekend meeting with the US president. Von der Leyen said Friday she will meet Trump in Scotland this weekend to address the tariffs standoff.
How might Trump's tariffs hurt Brazil?
With Donald Trump's punitive tariffs against Brazil poised to take effect within days, Latin America's largest economy is bracing for a virtual embargo on its planes, grains, and crude oil. Lula promised to apply "reciprocity" if Trump's tariff threat materializes, measures that could deepen the economic impact on both economies. ffb/arb/des
UK starts online checks to stop children accessing harmful content
New UK age verification measures to prevent children accessing harmful online content came into force on Friday, with campaigners hailing them a "milestone" in their years-long battle for stronger regulations. The long-awaited new rules, which aim to prevent minors from encountering content relating to suicide, self-harm, eating disorders as well as porn, stem from a 2023 Online Safety Act.
French car dealer charged over Takata air bag injury
A car dealer has been charged over failures that led to a driver being injured when a faulty Takata airbag sprayed him with metal fragments, a source said Friday, the first criminal charges in France in a massive recall scandal.
Meta to ban political ads in EU due to bloc's 'unworkable' rules
Meta on Friday said it will be forced to ban political advertising on its platforms in the European Union from October because of rules the Facebook and Instagram owner called "unworkable". Political, electoral and social issue advertising will no longer be allowed from October in the bloc, it said, because of "unworkable requirements" under the new rules.
Inside the N323bn First HoldCo deal: SEC clears path amid share sale controversies
The Nigerian Securities and Exchange Commission (SEC) has cleared the acquisition of 10.4 billion shares worth N323 billion by RC Investment Management.
New cryptocurrency may be aiding Russia to dodge sanctions
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid Western sanctions, experts have told AFP. Multiple rounds of international sanctions have been imposed on Moscow since its February 2022 invasion of Ukraine seeking to ramp up economic pressure to halt the war.
Naira strengthens against dollar as Nigeria’s reserves hit $38.5 billion
The Nigerian currency, the naira, rebounded in the forex market after two days of depreciation following the increase in Nigeria's foreign reserves.
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