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
- First Bank, FCMB, 4 others seek N731 billion to meet CBN recapitalisation as deadline nears
- New tax law replaces reliefs with rent-based deductions, capped at N500k
- Good news as prices for beans, garri, rice, yam, and other food items drop
- Apple Watch gets revamped blood oxygen feature
- FIRS rolls out e-invoicing to curb tax evasion, targets N5bn turnover firms
Economy Latest News
Soft US inflation boosts Asia markets
Japan's Nikkei hit a second record high in as many days Wednesday, as hopes of US interest rate cuts following soft inflation data cheered equity investors across Asia. Early afternoon, the Nikkei 225 index was at 43,359.03, up 1.5 percent, having already hit a new intraday record high of 42,999.71 the previous day.
German gas drive fuels fears of climate backsliding
Germany's conservative-led government has launched a drive to rapidly build more gas-fired power plants, fuelling fears about climate policy backsliding and sparking unease even within its own ranks. The Climate Union, grouping CDU and other conservative politicians, has warned subsidies for new gas plants could push up power costs, the Handelsblatt financial daily reported.
India reels from US tariff hike threat
Indian exporters are scrambling for options to mitigate the fallout of US President Donald Trump's threatened tariff salvo against the world's most populous nation. Since Trump's tariff threats, Prime Minister Narendra Modi has spoken to both Putin and Ukrainian President Volodymyr Zelensky, urging a "peaceful resolution" to the conflict.
Chatbot Grok stirs confusion over suspension after Gaza claims
AI chatbot Grok on Tuesday offered conflicting explanations for its brief suspension from X after accusing Israel and the United States of committing "genocide" in Gaza, as it lashed out at owner Elon Musk for "censoring me."
Passwords under threat as tech giants seek tougher security
Fingerprints, access keys and facial recognition are putting a new squeeze on passwords as the traditional computer security method -- but also running into public hesitancy. The companies have been working on creating and popularising password-free login methods, especially promoting the use of so-called access keys.
'Stop production': Small US firms battered by shifting tariffs
When US President Donald Trump announced tariffs on almost all trading partners in April, Ben Knepler contacted the factory in Cambodia producing his company's outdoor furniture.
Elon Musk accuses App Store of favoring OpenAI
Elon Musk has taken his feud against OpenAI to the App Store, accusing Apple of favoring ChatGPT in the digital shop and vowing legal action.
Perplexity AI offers Google $34.5 bn for Chrome browser
Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which the internet giant could potentially be forced to sell as part of antitrust proceedings.
Disgraced crypto mogul Do Kwon changes plea to guilty in US court
South Korean cryptocurrency specialist Do Kwon pleaded guilty to fraud charges in front of a New York judge on Tuesday following his firm's multi-billion-dollar bankruptcy, court filings showed.
Economy
Load more