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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British business group hits out at Labour's tax hikes
British business lobby group, the CBI, on Monday hit out over the Labour government's tax hikes on firms, saying the "heavy burden" risked cuts to hiring and investment. The CBI cancelled last year's annual conference after being caught up by allegations of sexual misconduct at the lobby group.
DHL cargo plane crashes in Lithuania, killing one
A DHL cargo plane crashed early Monday near the airport in Lithuania's capital, killing one person, authorities said as they searched for clues to what caused the tragedy. It was not immediately clear what caused the crash.
Asian markets begin week on front foot, bitcoin rally stutters
Asian markets rose Monday following a record close on Wall Street as traders welcomed Donald Trump's pick for Treasury secretary, while bitcoin's push to $100,000 ran out of steam after coming within a whisker of the mark at the end of last week. After a strong finish Friday on Wall Street -- where the Dow ended on a fresh record -- Asian markets followed suit.
Closing arguments coming in US-Google antitrust trial on ad tech
Google and the US government will face off in a federal court on Monday, as each side delivers its closing arguments in a case revolving around the technology giant's alleged unfair domination of online advertising. - 'Old practices' - The government alleges that Google controls the auction-style system that advertisers use to purchase advertising space online.
'Crucial week': make-or-break plastic pollution treaty talks begin
A final round of talks on a treaty to end plastic pollution opens on Monday, with the diplomat chairing the difficult negotiations warning nations not to miss a "once-in-a-generation opportunity". "This treaty is a once-in-a-generation opportunity," he said.
Petrol industry embraces plastics while navigating energy shift
Amid the inexorable shift toward more electric vehicles, oil and gas producers are looking increasingly to plastics to help keep them afloat, even if that sector faces challenges of its own.
Climate finance's 'new era' shows new political realities
Rich countries' promise of $300 billion a year in climate finance brought fury at talks in Baku from poor nations that found it too paltry, but it also shows a shift in global political realities.
NDIC asks Nigerians to update KYC in savings and current accounts
The Nigeria Deposits Insurance Corporation (NDIC) has asked bank depositors to ensure their Know Your Customer (KYC) details are updated to ensure prompt payment.
Germany goes nuts for viral pistachio chocolate
When Ali Fakhro lays out a row of pistachio-filled chocolate bars in the morning at his bakery in Berlin, he knows they will be gone in a matter of hours. The chunky treat consists of a blocky, hand-decorated chocolate bar with various quirky fillings -- the signature flavour being a rich pistachio cream.
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