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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Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
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How the National Single Window transforms Nigerian commerce
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IMF meetings to begin under fresh cloud of US-China trade tensions
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Naira under pressure: Fresh volatility hits FX market despite CBN interventions
Economy Latest News
US delays key jobs report due to government shutdown
The United States suspended the publication of a key employment report Friday as a partial government shutdown entered its third day, casting a fog over the health of the world's biggest economy. If the shutdown persists through October 15, the next consumer inflation report could also be delayed.
UN-backed climate banking alliance ceases operations
The Net-Zero Banking Alliance, a UN-backed initiative seeking carbon neutral investments by banks, announced Friday its immediate shutdown -- at a time of faltering climate commitments in the United States and Europe.
Carrefour name disappears from Arab stores as Israel boycotters claim victory
The Carrefour name has disappeared from storefronts in some Arab countries, with pro-Palestinian shoppers and activists hailing the shift as a victory for their boycott of brands perceived as being linked to Israel. But pro-Palestinian shoppers have nonetheless claimed victory.
Munich airport resumes flights after drone sightings trigger closure
Germany's Munich airport said normal service resumed Friday after several drone sightings forced its closure overnight, the latest in a string of similar aviation disruptions across Europe. An airport spokesman said in a statement sent to AFP that "flight operations resumed as normal from 5:00 a.m. on Friday morning".
Tech fans Tokyo rally on broadly positive day for Asian markets
A surge in tech firms helped Tokyo's Nikkei lead most Asian equities higher on Friday as investors headed into the weekend on a broadly positive note, with US rate-cut hopes out-muscling concerns about a government shutdown. The advance helped push Tokyo's Nikkei 1.9 percent higher, while there were also gains in Sydney, Singapore, Bangkok, Wellington, Taipei, Jakarta and Manila.
Spain's Benidorm embraces its Franco-era mass tourism model
Fifty years after General Francisco Franco's death, Benidorm still clings to the mass tourism model it pioneered under his dictatorship, even as protests against overtourism sweep other Spanish holiday hotspots. Criticised for decades for its high-rise skyline and dense crowds, in recent years it has been hailed as a model of sustainable tourism.
Cyberattack halts shipments from Japan's biggest brewer
A damaging cyberattack on Japanese beer giant Asahi this week has halted shipments from its breweries and there is no resumption in sight, the company warned Friday, fuelling fears of shortages.
US farmers hit by trade war to get 'substantial' aid: Treasury chief
US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts. "You should expect some news on Tuesday on substantial support for our farmers, especially the soybean farmers," Bessent told CNBC early Thursday.
Boom or bubble: How long can the AI investment craze last?
The staggering investments in artificial intelligence keep coming: Last week, AI chip giant Nvidia announced it would invest $100 billion to help OpenAI, the frontrunner in generative AI, build data centers.
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