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
Trump says Canada to face 35 percent tariff rate starting Aug 1
Canada will face a 35 percent tariff on exports to the United States starting August 1, President Donald Trump said Thursday in a letter to Prime Minister Mark Carney. The letter on Thursday came despite what had been warming relations between Trump and Carney.
Delta offers upbeat outlook on travel demand, lifting shares
Shares of Delta Air Lines rocketed higher Thursday after the carrier reported better-than-expected profits and reinstated its full-year forecast based on a reassuring travel outlook. For the quarter ending June 30, Delta reported profits of $2.1 billion, up 63 percent from the year-ago period.
FG secures $747 million loan for Lagos-Calabar Highway, increasing debt profile
The federal government has just set a new record, securing a $747 million loan, the largest-ever loan to be taken for a road infrastructure project in Nigeria.
Barry Callebaut cuts outlook as chocolate sales volumes melt away
The world's top industrial supplier of chocolate, Barry Callebaut, revised its financial guidance lower on Thursday as the global chocolate market suffered its worst drop in sales volume in a decade, with high prices weighing on consumers.
Elon Musk's xAI releases new version of Grok for $300 monthly, explains features
The latest version of Grok, known as the SuperGrok Heavy, is said to be the equivalent of a team of super-intelligent AI agents, collaborating to solve users' query.
Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
The Ferrero Group will acquire US cereal mainstay WK Kellogg for $3.1 billion as the Italian food giant expands further in North America, the companies announced Thursday. "Over recent years, Ferrero has expanded its presence in North America," said Giovanni Ferrero.
Shein faces 150-mn-euro fine in France
E-commerce giant Shein faces a possible 150-million-euro ($175-million) fine in France for failing to properly get consent to track users on the internet. It also found during a 2023 inspection that when users refused the tracking cookies Shein continued to read information from them.
CBN crashes import dollar rate, aligns Customs duty with official FX as naira strengthens
The Central Bank of Nigeria (CBN) has harmonised the Customs FX rate with the current foreign exchange rate following the strengthening of the naira.
Volkswagen halts electric minivan exports to the United States
German auto giant Volkswagen said Thursday it had suspended deliveries of its electric minivan ID. Buzz due to a technical issue amid reports the decision was influenced by costly US tariffs on cars.
Economy
Load more