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
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Woodhall Finance House and Polaris Bank are partnering with two governments to launch a N1.5 billion Creative Sector Fund to support export-ready MSMEs.
Goldman Sachs profits jump as CEO eyes more merger activity
Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking. Goldman said increases in advisory fees reflected strength in the Americas, Europe, the Middle East and Africa.
NHIA enrolls over 20 million Nigerians in expanded health insurance coverage drive
The government pledged to reduce the incidence of Nigerian youths paying for healthcare out of their pocket by driving improved coverage and better services.
Trump says not firing Fed chair -- but not ruling out
US President Donald Trump said Wednesday that he was not currently planning to fire Federal Reserve Chair Jerome Powell, but added that he did not rule it out. "I don't rule out anything, but I think it's highly unlikely," he added.
Argentina under Milei: a tale of two economies
In Javier Milei's Argentina, falling inflation has stimulated a boom in car and real estate sales and foreign-bound planes take off laden with tourists. "The change in government has been very positive for this sector," third-generation real estate agent Diego Sardano told AFP. "Under the previous government, we went months without making a single sale.
FBI report shows $6 billion lost to CBEX, other crypto investment scams in 2024
Within the 12 months, crypto-related scams led to the loss of $9.3 billion, almost 70% growth from the year before. The report shows a massive growth in cybercrimes.
FG releases link to apply for recruitment in 4 agencies
The federal government, through the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB), is set to recruit qualified Nigerians into service.
Buhari's scorecard: Inflation, fuel price, 6 other indices showing how Nigeria fared in 8 years
Eulogies are pouring in for Nigeria's former president Muhammadu Buhari, but how true are they? This is what the economic indicators say about his 8 years in office.
Another 27,701 Nigerian workers switch PFAs as PenCom disburses N1.64 trillion to retirees
The PenCom transfer window was introduced in 2021 to allow workers and retirees the flexibility of choosing another Pension Fund Administrator if they desire.
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