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
CBN clarifies position on converting foreign currency in domiciliary accounts to naira
The Central Bank of Nigeria (CBN) has disclosed that commercial banks must allow domiciliary account holders to convert their foreign currencies to naira.
Asia, the world's economic engine, prepares for Trump shock
Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the region.
Trump victory poses challenges for the Fed's independence
Donald Trump's return to the White House could put the independence of the US Federal Reserve under strain, potentially weakening its ability to fight against inflation and unemployment free from political interference. The Fed has a dual mandate from Congress to act independently to tackle both inflation and unemployment -- primarily by raising and lowering interest rates.
US farmers gird for trade wars on Trump tariff pledges
Donald Trump's first White House term saw a bruising trade war with China that left a lingering impact on farmers -- and many are bracing for further fallout as the President-elect threatens higher levies on Beijing.
CBN Gives new orders to Access, UBA, Zenith on dorm account openings
The Central Bank of Nigeria (CBN) has asked commercial, merchant and other non-interest banks to open domiciliary accounts for participants in new scheme.
Boeing to face civil trial over 2019 MAX crash
Beleaguered aviation giant Boeing is set to confront another hurdle next week when it faces a civil trial over the March 2019 Ethiopian Airlines crash that killed 157 people. The MCAS was a flight stabilizing system that malfunctioned in both the Ethiopian Airlines and in the October 2018 Lion Air crash in Indonesia, which killed 189 people.
UK rules drivers on Bolt ride-hailing platform are employees
UK drivers using the Bolt ride-hailing platform should be considered employees and have access to rights such as the minimum wage and paid holidays, an employment tribunal ruled Friday. The tribunal said that its ruling applied to all drivers who used Bolt as their only platform for finding customers.
Butchers increase price of cow leg as transportation gets more expensive
The price of meat has increased in markets across the country just as the National Bureau of Statistics revealed that transportation cost increase again.
European businesses brace for Trump return
The return of Donald Trump and his protectionist agenda to the White House will likely rock US trade relations with the world, including Europe. The World Trade Organization deemed the tariffs illegal in 2021 but the United States has yet to follow the WTO ruling.
Economy
Load more