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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Sellers quote new price for bag of rice as data shows cheapest, most expensive brands
According to data from the National Bureau of Statistics (NBS), the price of local rise increased by 152.9% to N95,738 in September 2024 from N37,853 in August.
Locals fume as Lisbon's historic trams become tourist 'toy'
An age-old symbol of the Portuguese capital, Lisbon's rickety yellow trams have become such a magnet for tourists that some locals complain they can no longer grab a ride. Local associations have for years demanded a more reliable public transport system for both residents and tourists.
Iran's aviation woes compounded by latest EU sanctions
Iranian photographer Tannaz was on her way to Tehran's airport when European sanctions on flag carrier Iran Air forced her to return home, unable to make it to work in Paris.
Asia markets split after Tesla boosts Wall Street
Japanese shares fell but Chinese markets gained in a disjointed start to Asian trade on Friday, after Wall Street cheered strong results from electric car giant Tesla. In Asian trade on Friday morning, Tokyo stocks fell one percent, while Hong Kong rose 0.5 percent and Shanghai was up 0.2 percent.
It's the economy, say voters in swing state Nevada
Las Vegas may be America's playground but for those who live and work in Sin City, high costs make life difficult, and that single issue will be decisive when they vote for a new US president in November. - Unemployment - Las Vegas came to a complete standstill during the Covid-19 pandemic, leaving thousands out of work.
US court blocks Coach owner's $8.5 bn buyout of Versace parent
A US judge on Thursday blocked fashion group Tapestry's $8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors and Versace, citing a potential loss of competition. Tapestry owns brands including Coach and Kate Spade.
IMF official calls on international community to bring end to Lebanon conflict
The international community should work to end the conflict in the Middle East and address the "huge" humanitarian crisis that has engulfed countries in the region, the head of the IMF's Middle East and Central Asia department said Thursday.
Prolonged strike clouds new Boeing CEO's turnaround
The quest by Boeing's new CEO to revive the aviation giant's fortunes suffered a serious blow when striking machinists voted down the latest contract proposal, prolonging a nearly six-week stoppage.
Drifting off - US late night talk shows no longer must-see TV
America's late night talk shows once were appointment viewing, but with ratings tanking and ad revenues plummeting, their coveted place on the small screen is in question. And ad revenue is vanishing.
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