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.
Economy
Most viewed
Popular
- How the National Single Window transforms Nigerian commerce
- Farmers name those responsible for rice selling above N80,00 per bag
- New tax law replaces reliefs with rent-based deductions, capped at N500k
- FG invites Nigerians to apply for N50k for their business, releases link
- Tourism deal puts one of Egypt's last wild shores at risk
Economy Latest News
Ukraine's Zelensky seeks shakeup with new prime minister
Ukrainian President Volodymyr Zelensky said Monday that he was recommending economy minister Yulia Svyrydenko become prime minister in a significant political shakeup for the war-scarred country. If the change is approved, Svyrydenko would replace Denys Shmygal, who became prime minister in 2020, before the war.
LVMH Italian fashion house Loro Piana put under court administration
Italian fashion house Loro Piana, owned by French giant LVMH, has been placed under court administration for allegedly facilitating the exploitation of workers by subcontractors, police and a company source said Monday. The judges of the Milan court found that Loro Piana "negligently facilitated" the exploitation, according to the police statement.
UK updates immigration policy for Nigerians applying for study and work visas, what you should know
The electronic visas will be issued to work visa and study visa applicants from the effective date. Changes have also been made to the processes.
NIMC clarifies charges for corrections on NIN, mentions conditions for waiver
Nigerians are currently being charged N28,574 to modify data on the NIN database, but the legal department has now clarified that some corrections are free.
Japan's World Barber Classic tries to bring back business
Hundreds of rowdy spectators, many heavily tattooed, roared Monday at a Tokyo arena usually reserved for boxing -- except the contestants were not athletes, but barbers. Among them is contestant Shoma Sugimura, who made it to the final three on Monday.
Stakeholders call for reduction of LASRERA registration fees from N1 million
The decision of the Lagos state government to impose a N1 million registration fee on real estate agents and developers has triggered reactions from stakeholders.
EU climate VP seeks 'fair competition' with China on green energy
The European Union is seeking "fair competition" with China and not a race to the bottom in wages and environmental standards, the bloc's vice president for the clean transition told AFP on Monday. "We Europeans don't want to go down a race towards low incomes, lower labour rights or lower environmental standards," said Ribera, who also serves as the bloc's competition chief.
Mexican voice actors demand regulation on AI voice cloning
Mexican actors protested the growing threat artificial intelligence poses to their industry, calling on Sunday for better regulations to prevent voice cloning without consent. According to local media, Lavat's voice was used without his family's consent.
China exports beat forecasts in June after US tariff truce
China's exports rose more than expected in June, official data showed Monday, after Washington and Beijing agreed a tentative deal to lower swingeing tariffs on each other. Monday's customs figures showed Chinese exports to the United States surged 32.4 percent in June, having fallen the month before, according to an AFP calculation based on official data.
Economy
Load more