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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EU vessels to cease fishing in Senegal after accord expires
European fishing vessels will imminently cease activities in Senegalese waters after the non-renewal of an agreement between Brussels and Dakar, EU ambassador Jean-Marc Pisani said Tuesday. Pisani said the agreement would not be renewed for the time being after the European Commission notified the Senegalese government in May of "shortcomings" regarding illegal, unreported and unregulated fishing.
Bayer shares hit 20-yr low as problems pile up
Bayer's shares plunged to a 20-year low Tuesday after the German chemicals giant cut its earnings outlook and posted a worse-than-expected loss on woes related to its troubled agrochemicals division. It also cut the outlook for profit margins in the agrochemicals division.
C.Africa urges lifting of embargo on diamond exports
The Central African Republic (CAR) sought Tuesday to convince the regulatory body for global diamond trading to lift all restrictions against it, ending an export embargo in place for more than a decade. The Kimberley Process (KP) regulatory body opened its plenary assembly in Dubai on Tuesday under the presidency of the United Arab Emirates.
Court challenge begins against UK oil and gas field approvals
Two environmental groups kicked off a legal challenge in Scotland on Tuesday to block the Rosebank and Jackdaw oil and gas fields in the North Sea, with activists optimistic of success. Regulatory approval for drilling at the Rosebank oil field, 145 kilometres (90 miles) off the Shetland Islands in Scotland's far north, was granted last year.
New EU chief diplomat backs Ukraine as bloc's top team faces grilling
The European Union's designated foreign policy chief said Tuesday that the bloc must back Ukraine "for as long as it takes", as she and other EU heavyweights faced scrutiny by parliament. "Today, tomorrow and for as long as it takes and with as much military, financial and humanitarian help as needed."
Tech sector gathers in Lisbon in shadow of Trump victory
Leading lights of the tech industry are meeting in Lisbon on Tuesday for the Web Summit, the sector's first big event since the US election, with Donald Trump's victory expected to be a key theme of their discussions.
China planning to cut taxes on home buying: report
China is looking to slash taxes on home purchases as the government strengthens fiscal support for its ailing real estate sector, a media report said on Tuesday. Beijing has in recent months also announced a raft of measures aimed at boosting economic activity, including rate cuts and the easing of some home purchasing restrictions.
Dutch court to rule in Shell climate appeal
Dutch judges will on Tuesday rule on an appeal by oil giant Shell against a landmark judgement binding it to reduce carbon emissions, which climate activists say it has not implemented. But Shell, which called litigation "ineffective" to address climate change, is appealing the 2021 ruling, while environmental groups accuse the oil giant of failing to take action.
Nintendo courts non-gamers in 'about-turn' strategy
Once confined to rectangular screens, chirpy plumber Mario and pointy-eared Princess Zelda are popping up in theme parks and toy stores as Nintendo goes all out to win non-gamer fans. - Wii success - The two next consoles -- the portable DS with two screens, and the remote-controlled Wii -- were designed to attract non-gamers.
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