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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The Pacific island nation that wants to mine the ocean floor
A 1,000-tonne ship is exploring the far-flung South Pacific for riches buried beneath the waves, spearheading efforts to dredge the tropical waters for industrial deep-sea mining. Many of the Cook Islands' South Pacific neighbours want to see deep-sea mining banned.
Tokyo's Nikkei leads Asian rally after Japan-US trade deal
Tokyo stocks rallied with the yen Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector. But Trump said Tuesday that officials had agreed to a "massive" deal that would include a 15 percent tariff on imports from Japan, down from the previously threatened 25 percent.
Trump announces 'massive' Japan trade deal including 15% tariff
President Donald Trump said Tuesday that the United States had agreed to a "massive" trade deal with Japan that would include a 15 percent tariff on its exports. - Japan has agreed to "open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things," Trump said.
Trump agrees to small reduction in Philippine tariffs
US President Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos. The 19 percent rate is still above the 17 percent threatened by Trump in April, when he threatened sweeping global tariffs.
UK court awards £700 mn to HP in late tycoon's fraud case
A UK court Tuesday awarded £700 million ($946 million) compensation to IT firm Hewlett Packard in a fraud case involving late British tech tycoon Mike Lynch, killed last year when his superyacht sank off Sicily.
Nigerian banking sector: Eight banks emerge stronger, meet CBN recapitalisation drive
The governor of the Central Bank of Nigeria (CBN) has revealed that about eight Nigerian banks have met the recapitalisation target ahead of March 31, 2026.
CBN makes decision on interest rate for loans, savings after 2-day meeting
The Central Bank of Nigeria's Monetary Policy Committee (MPC) has decided on the benchmark interest rate, as well as the Cash Reserve and liquidity ratio.
Games giant Ubisoft bets on reorganisation to dispel blues
Struggling French video games giant Ubisoft shed light on a far-reaching reorganisation of its business Tuesday, as it reported disappointing sales in April-June.
Kwara Assembly, residents angry over soaring cost of flight tickets amid insecurity, terror attacks
Kwara Assembly raises concern over soaring flight ticket prices at Ilorin Airport, citing monopoly by few airlines. Residents demand increased competition.
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