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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Gulf Air orders 12 Boeing 787 Dreamliners
US aviation giant Boeing on Thursday signed a contract valued at $7 billion to sell 12 787 Dreamliners, with options for six more, to Gulf Air, as the Bahrain-based carrier looks to expand its global network.
Japan rice prices double, raising pressure on PM
Rice prices in Japan soared 99.2 percent in June year-on-year, official data showed Friday, piling further pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend. Overall, Japan's core inflation rate slowed to 3.3 percent in June from 3.7 percent in May, the data from the internal affairs ministry showed.
US House passes landmark crypto measures in win for Trump
The US House of Representatives on Thursday passed three landmark cryptocurrency bills, fulfilling the Trump administration's commitment to the once-controversial industry. House legislators also readily passed the GENIUS Act, which codifies the use of stablecoins -- cryptocurrencies pegged to stable assets like the US dollar or US bonds.
Netflix profits surge off ads, higher subscription prices
Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business.
Netflix profits surge 45% off higher subscription prices
Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business. Netflix shares have surged approximately 40 percent year-to-date as investors have responded positively to the company's shift toward profitability.
US authorizes Juul to market vaping products
Juul Labs said Thursday that the US Food and Drug Administration had officially authorized the e-cigarette maker to market its vaping system and refill capsules in the United States. The FDA's action on Thursday "confirms that these products are now authorized to remain on the market," said a Juul spokesman. elm-jmb/sst
E-callup to resume at Lekki-Epe corridor as stakeholders agree to slash fees to N10,000
The Lekki-Epe corridor first implemented the e-callup system in September 2024, but after some protests, it was suspended because of the pricing.
Nigerians react as Anambra releases state's highest taxpayers to counter Peter Obi
Labour Party presidential candidate Peter Obi regarding SABMiller Breweries has been countered by Chukwuma Soludo led government on its tax payers claim.
Zuckerberg settles lawsuit over Cambridge Analytica scandal
Meta chief Mark Zuckerberg and other company board members settled a shareholder lawsuit on Thursday concerning decisions made in the wake of the Cambridge Analytica privacy scandal. The shareholders in the lawsuit alleged that the board members conspired to pay more to the US government in exchange for ensuring that Zuckerberg would not be named personally for wrongdoing in the settlement.
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