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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Bolivia 'going from bad to worse': At the barricades with Morales supporters
At a traffic stop on a road leading to the central Bolivian city of Cochabamba, a group of coca-chewing demonstrators man a barricade of tree trunks. On Tuesday, 12 police officers were injured in clashes with demonstrators near the central town of Mairana, the second such incident in four days as the security forces move in to try to clear the roads.
Biden unveils $3 bn US ports boost, takes aim at Trump
US President Joe Biden on Tuesday unveiled a $3 billion investment towards port infrastructure in Maryland -- and took a swipe at Republican White House candidate Donald Trump a week before Election Day.
Tax expert asks Northern governors to embrace Tinubu’s Tax Reform Bill
The Northern governors have been asked to accept the proposed Tax Reform Bill of President Bola Tinubu, which aims to promote prosperity and development
Lagos leads Nigerian states with highest internally generated revenue in 2023
Lagos and the Federal Capital Territory (FCT) led the 36 states with the highest internally generated revenue in 2023, with Lagos eclipsing three regions in total.
Libya and Italy sign slew of cooperation deals
Libya and Italy signed several agreements on Tuesday covering sectors including development, investments and infrastructure, aiming to boost cooperation between the two Mediterranean states. The two parties also signed agreements to promote cooperation between small and medium-sized enterprises and between Libyan and Italian banks to boost foreign investments, according to Italian officials.
EU adopts extra tariffs of up to 35.3% on Chinese EVs
The EU on Tuesday decided to slap hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing's support to local manufacturers was unfair. The EU is not alone in levying heavy tariffs on Chinese electric cars.
FG, BOI open application portal for Nigerians to get business loan, share link
The Nigerian government in partnership with the Bank of Industry has now open application for Nigerians to apply for easy loans at a very low rate up to N1 million.
World Bank expects oil glut to cause commodity price slump
Global commodity prices should fall to a five-year low next year thanks to a huge oil glut, the World Bank said Tuesday, pointing to oversupply and to flat demand from China.
Lufthansa reports dip in profits in third quarter
German airline group Lufthansa on Tuesday reported an eight percent drop in profits in July to September compared with the same period last year, blaming increased operating and staff costs. Some 40 million passengers travelled with the airline in July to September, an increase of six percent compared with 2023.
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