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.
Economy
Most viewed
Popular
- 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
Economy Latest News
China's Xi heads to Peru for APEC meeting shrouded in Trump fears
Chinese leader Xi Jinping headed to Peru on Wednesday, bound for a meeting of Asia-Pacific Economic Cooperation (APEC) organisation leaders overshadowed by fears of renewed global trade tensions under Donald Trump. Xi will join leaders from the United States and other Asia-Pacific nations in the Peruvian capital Lima for the APEC gathering, after which he will go to Brazil for a G20 summit.
7-Eleven owner considers going private to avoid foreign buyout: reports
The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover by Canadian rival Couche-Tard, reports said on Wednesday. The takeover, if realised, would be the biggest ever foreign buyout of a Japanese firm.
Asian markets extend losses as Trump fears build
Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation. After an initial rally in the wake of the tycoon regaining the White House, Asian markets have pulled back this week as his cabinet begins to emerge.
New push for EU-South America trade deal despite French fury
A controversial trade deal between the EU and South America's Mercosur bloc is back in the spotlight with rekindled optimism that the two sides could conclude an agreement before the year is over.
Trump presidency raises fresh conflict of interest concerns
Donald Trump's impending White House return poses questions once again about conflicts of interest related to his business empire, with new cryptocurrency and other ventures raising fresh concerns. After he left the White House, Trump made himself a co-administrator of the trust.
Aga Khan emerald fetches record $9 mn in Geneva auction
A rare square 37-carat emerald owned by the Aga Khan fetched nearly nine million dollars at auction in Geneva on Tuesday, making it the world's most expensive green stone. Also set with diamonds, the previous record-holder fetched $6.5 million at an auction of part of Hollywood legend Elizabeth Taylor's renowned jewellery collection in New York. vog/sbk/ach
US bans flights to Haiti after three jetliners hit by gunfire
The United States on Tuesday banned all civilian flights to Haiti for a month, a day after three jetliners approaching or departing from its gang-ridden capital Port-au-Prince were hit by gunfire. The US Federal Aviation Administration's move came after a Spirit Airlines jetliner arriving from Florida in Port-au-Prince was hit by gunfire and had to reroute to the Dominican Republic.
Global stocks slip as markets take post-US election breather
A stocks rally following Donald Trump's US election win lost steam Tuesday as traders looked to consolidate recent gains, sending major indices lower on both sides of the Atlantic. Wall Street's main indices all closed lower after having racked up huge gains in the days following Trump's victory and Republican gains in Congress.
Climate cash should also go to nuclear, says UN atomic chief
The head of the United Nations nuclear watchdog said Tuesday that atomic power should also be allowed to tap into climate change funds. Should nuclear get climate financing?
Economy
Load more