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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- CBN Injects $166m into forex markets as naira struggles, forward contracts slide
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Nigerian president woos French investment on state visit
President Bola Tinubu said on Thursday Nigeria is "open for business" as he embarked on a state visit to France, with Paris looking to boost ties in English-speaking Africa following a series of setbacks with former allies on the continent.
Contentious COP29 deal casts doubt over climate plans
A bitterly-fought climate finance deal reached at COP29 risks weakening emissions-cutting plans from developing countries, observers say, further raising the stakes for new national commitments due early next year.
FIRS Boss Zacch Adedeji calls for public support for govt policies
The chairman of the Federal Inland Revenue Service (FIRS), Zacck Adedeji, has stressed the need for Nigerians to support the economic policies of the government.
French farmers wall off public buildings in protest over regulations
French farmers blocked off entrances to two public buildings in Paris on Thursday in protest at "constraints" imposed by regulatory agencies, which they say result in lost production. Thursday's protesters -- led by the heavyweight FNSEA farmers' union -- say they are also feeling the sting of restrictions imposed by France's regulatory agencies on products like insecticides.
France says ready for budget concessions to avert 'storm'
The French government is ready to offer concessions to parliament to pass its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.
French luxury mogul Arnault defiant at ex-spy chief trial
France's richest man, LVMH chief Bernard Arnault, testified Thursday in the influence-peddling trial of the former head of France's domestic intelligence agency, denying any knowledge of an alleged scheme to protect the luxury group.
OPEC+ postpones meeting on oil output to December 5
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output. Analysts say that if OPEC nations maintain their output cuts, their market share could fall as non-OPEC nations continue to produce more.
French govt ready for budget concessions to avoid financial 'storm'
The French government is ready to offer concessions to parliament to get through its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.
Hong Kong airport third runway takes off
Hong Kong started flight operations on its third runway on Thursday, with officials saying it will keep the city's airport competitive as an aviation hub despite its lagging post-pandemic recovery. Hong Kong carrier Cathay Pacific said this week that it will reach 100 percent of pre-pandemic flights in January.
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