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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UK sanctions Angola's Isabel dos Santos in graft crackdown
The UK government on Thursday announced sanctions on Angola's Isabel dos Santos, the billionaire businesswoman and daughter of the country's former president, as part of a new anti-corruption drive. The Conservative government of Boris Johnson announced the first sanctions under its new global anti-corruption regime in 2021.
Sales of existing US homes rise in October
Sales of previously owned homes in the United States picked up in October, industry data showed Thursday, fueling hopes that a slump in the sector may be ending. A key reason that home sales stalled in recent times is that homeowners have been reluctant to enter the market and sell their properties, as they had locked in lower mortgage rates previously.
South Sudan rejects 'malicious' report on Kiir family businesses
South Sudan on Thursday rejected claims by a US-based watchdog that President Salva Kiir's family had built up a vast corporate empire in one of the world's poorest countries. South Sudan is one of the poorest countries on the planet and ranks 177 out of 180 countries on Transparency International's corruption perceptions index.
Kenya scraps Adani deals as Ruto attempts to reset presidency
Kenyan President William Ruto sought Thursday to turn the page on a difficult year, cancelling controversial deals with India's Adani Group and vowing to tackle corruption, police kidnappings and gender-based violence. He also addressed gender-based violence after reports that 97 women have been murdered in the last three months alone.
S.Africa central bank cuts interest rate to 7.75 percent
South Africa's central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.75 percent, adopting caution amid mixed data and global uncertainty. "I think 25 basis points is cautious, and the environment is uncertain, and it calls for caution," he said.
French YouTuber takes on manga after conquering Everest
A French influencer fresh off a smash hit film documenting his ascent to Everest's peak is turning his sights to a new challenge: manga. -'Influence'- Benazzouz, a longtime manga fan, decided to take the plunge in February 2023 when he met Compain, a business engineer who dreamed of becoming a manga comic artist.
'World of Warcraft' still going strong as it celebrates 20 years
As it celebrates its 20th birthday, online video game "World of Warcraft" has demonstrated a rare longevity thanks to its loyal following and constant evolutions. Although it was not the first massively multiplayer online role-playing game (a genre known as MMORPG) when it was released in 2004, "World of Warcraft" was an instant success, quickly attracting several million players worldwide.
Tinubu's 'Tax Reform Bill' Set to champion consumption-based VAT model
The Nigerian government's proposed Tax Reform Bill has been hailed as a game changer in wealth distribution and the execution of a consumption-based VAT system.
Sri Lanka's president makes U-turn on IMF bailout
Sri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor. Dissanayake's National People's Power party had said it did not agree with the International Monetary Fund's debt assessment and would renegotiate the bailout programme.
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