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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Pakistan's quiet solar rush puts pressure on national grid
Pakistanis are increasingly ditching the national grid in favour of solar power, prompting a boom in rooftop panels and spooking a government weighed down by billions of dollars of power sector debt. But the fall in national grid consumers has crept up on an unprepared government burdened by $8 billion of power sector debt, analysts say.
Dutch tech giant ASML sees profits rise but warns on 2026
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EU sets stage for big battle over long-term budget
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Cuban president addresses anger over 'there are no beggars' claim
Cuba's president was forced to step in Tuesday after a minister's assertion that "there are no beggars" caused an uproar on the economic crisis-stricken island. President Miguel Diaz-Canel entered the fray on X Tuesday to lambast Feito's "lack of sensitivity."
Trump unveils investments to power AI boom
US President Donald Trump went to Pennsylvania on Tuesday to announce $92 billion in energy and infrastructure deals intended to meet big tech's soaring demand for electricity to fuel the AI boom. Trump made the announcement at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University, with much of the talk about beating China in the global AI race.
SEC orders transfer of over N79 billion unclaimed dividends to designated account under DMO
Investors that failed to claim their dividends over the last six years are about to lose them as the SEC has ordered for the dividends to be transferred immediately.
Trump says Indonesia to face 19% tariff under trade deal
President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access. India basically is working along that same line," Trump told reporters Tuesday, referring to market access.
Analysts predict new exchange rate as dollar liquidity falls sharply in Nigeria
Dollar liquidity in the Nigerian foreign exchange rate dropped last week, leading to a crash of the naira to N1,530 per dollar from N1,528 the previous seasons.
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