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
- CBN Injects $166m into forex markets as naira struggles, forward contracts slide
- Farmers name those responsible for rice selling above N80,00 per bag
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Boost for naira as Western Union, other IMTOs increase dollar inflows to Nigeria to $2.33bn
The Central Bank of Nigeria (CBN) has disclosed that dollar inflows from International Money Transfer Organisations increased by 47% to $2.33 billion in 2024.
Finally, Dangote speaks on petrol pricing from refinery after oil marketers' claims
Dangote refinery has reacted to reports from the Petroleum Products Retail Outlets Owners Association of Nigeria that it is selling petrol to marketers above N1,000.
Fading literature: Delhi's famed Urdu Bazaar on last legs
In the bustling heart of Old Delhi, Indian bookseller Mohammed Mahfooz Alam sits forlorn in his quiet store, among the last few selling literature in a language beloved by poets for centuries. Sellers first set up stores in the Urdu Bazaar in the 1920s, selling stacks of books from literature to religion, politics and history -- as well as texts in Arabic and Persian.
UN talks on saving nature stumble on finance hurdle
The world's biggest nature conservation conference closed in Colombia on Saturday with no agreement on a roadmap to ramp up funding for species protection.
Judge tosses New York plastic pollution lawsuit against PepsiCo
A New York Supreme Court justice has thrown out an environmental pollution lawsuit against PepsiCo, in a blow to authorities in the US state who wanted the beverage giant to rein in its use of single-use plastics. The lawsuit acknowledged company statements pledging action to reduce plastic pollution, but depicts PepsiCo, headquartered in New York state, as repeatedly falling short of pledges.
Nvidia to join Dow Jones Industrial Average, replacing Intel
Chip giant Nvidia will join the Dow Jones Industrial Average, the iconic Wall Street index announced Friday, underscoring the importance of artificial intelligence in the US economy. The Dow Jones Industrial Average, created by Charles Dow in 1896, is often used as a bellwether for the state of the US stock market, the biggest in the world.
Famed Indian designer Rohit Bal dies: fashion group
Rohit Bal, one of India's most acclaimed fashion designers, has died, his colleagues said Friday. "We mourn the passing of legendary designer Rohit Bal," the Fashion Design Council of India (FDCI) said in a statement on Instagram.
New fuel price: Transport companies increase fares
The National Bureau of Statistics (NBS) has revealed that following changes in fuel prices, the average cost of transportation fare paid by Nigerians have increased.
Kenya reintroduces tax reforms with new deputy president
Kenya plans to reintroduce some of the tax hikes that sparked deadly protests earlier this year, the government announced Friday, while a new deputy president was sworn in after weeks of high political drama. It followed weeks of drama around the impeachment of Ruto's previous deputy, Rigathi Gachagua, who was accused of ethnically divisive politics.
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