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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- New tax law replaces reliefs with rent-based deductions, capped at N500k
- How the National Single Window transforms Nigerian commerce
- FG invites Nigerians to apply for N50k for their business, releases link
- First Bank, FCMB, 4 others seek N731 billion to meet CBN recapitalisation as deadline nears
- CBN Injects $166m into forex markets as naira struggles, forward contracts slide
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The farm fires helping to fuel India's deadly air
Blazing flames light the sky as Indian farmer Ali Sher burns his fields to clear them for new crops, a common but illegal practice that is fuelling deadly pollution killing millions. - 'Land will become barren' - Some farmers are slowly shifting to better practices.
US wine merchants urge exclusions from blanket tariffs
As President-elect Donald Trump vows sweeping tariffs on even America's close partners once in office, US wine merchants and restaurateurs are watching with trepidation -- and pushing for exclusions they say will protect small businesses. "We hope that there would be exclusions for products that are especially important to American small businesses," Aneff said.
Defiant Adani says committed to compliance after US indictment
Indian billionaire Gautam Adani on Saturday said "attacks" on his company made it "stronger", days after US prosecutors accused him and other officials of fraud. "What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group," he said at an awards ceremony in the northern Indian city of Jaipur.
US 'Black Friday' online spending put at record $10.8 bn
American consumers spent a record $10.8 billion online during "Black Friday" promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday. As Black Friday promotions continue, online consumers are expected to spend an additional $5.2 billion on Saturday and $5.6 billion on Sunday, Adobe said.
CBN fines 29 Nigerian banks N15bn for anti-money laundering, counter-terrorism violations
For violating anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, the Central Bank of Nigeria (CBN) fined 29 banks a total of N15 billion.
CBN gives simple solution as cash dries up in ATMs, sends message to UBA, GTB, others
Due to the persistent cash scarcity at ATMs, the governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, is planning to punish careless financial institutions.
Dangote makes over N3bn in 24 hours, gets new position in world’s billionaire list
Aliko Dangote has moved up on the list of the world's billionaires after earning over N3 billion in just 24 hours, while Elon Musk continues to lead globally.
Romania's economic troubles fuel far-right rise
In a working class neighborhood of Bucharest, pensioners like Ana Sandu wait for the afternoon to buy food when prices are lower, as inflation dampens hopes of a better life in the EU state heading into key elections.
Trudeau in Florida to meet Trump as tariff threats loom: media
Canadian Prime Minister Justin Trudeau arrived in Palm Beach, Florida, on Friday for what Canadian and American media said was a meeting with US President-elect Donald Trump at his Mar-a-Lago luxury estate. According to the website Flightradar, the Canadian leader's plane landed at Palm Beach International Airport late in the afternoon.
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