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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Trump's climate denial and green rollbacks poised to fuel warming
Donald Trump's election victory puts a climate change denier back in the White House, poised to dismantle his predecessor's green policies and jeopardize global efforts to curb human-caused warming. "With a climate sceptic back in the White House, the pressure on the world, and especially on EU leadership, to act will intensify enormously."
FG begins N75bn single-digit interest rate loan to boost growth of 75,000 MSMEs
The Nigerian government, in collaboration with the Bank of Industry, has begun the disbursement of N75 billion, targeting 75,000 businesses nationwide.
Mexico girds for tariffs, migrant deportations after Trump win
Donald Trump's victory has left Mexico bracing for potential trade tensions, tariffs and mass migrant deportations that experts say could pose a major test of relations between the closely connected neighbors. - 'Credible threats' - Experts think Trump's vow to carry out the largest mass deportation of migrants in American history will be one of the biggest tests for ties with Mexico.
US Fed expected to look beyond Trump win and cut rates again
The US Federal Reserve is expected to announce a quarter-point interest rate cut this week, shrugging off the economic uncertainty raised by Donald Trump's US election victory to continue easing borrowing costs on the back of cooling inflation.
'We don't feel safe': Serbians lash out after fatal roof collapse
For years, Serbia's leaders boasted of launching a building spree across the country that had touched off a new era of prosperity in the Balkan country.
FG invites Nigerians to invest in savings bonds with only N5k, offers 18.44% interest rate
The Debt Management Office (DMO) has announced a new opportunity for Nigerians to invest in federal government of Nigeria savings bonds at N1,000 per unit.
What impact will Trump have on the world economy?
Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts say. - Donald Trump's policies could also rekindle inflation, which cooled following a series of interest-rate hikes that the Federal Reserve began to unwind this year.
Low taxes, high tariffs: What a Trump victory means for the US economy
Donald Trump's victory in the 2024 US presidential election is likely to usher in a raft of economic changes at home and abroad, touching everything from foreign trade to the independence of the US central bank.
UniCredit says needs a year to decide Commerzbank deal
The chief executive of Italy's UniCredit bank said Wednesday there would be no decision on a possible takeover of German rival Commerzbank for at least a year. Italy's second-biggest lender surprised markets in September by building up a stake of about 21 percent in its German rival, fuelling speculation that it could be gearing up to mount a takeover effort.
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