Nigeria's banks face a March 2026 recapitalisation deadline. Top performers like Access and Zenith exceed targets, while others risk mergers or exits if they fail.
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CBN crashes naira further, mops up dollars amid reserves increase
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Farmers give update on tomato prices ahead of Ramadan
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Naira hits new high in official window as external reserves rise
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Naira starts new week on a high as reserves surge, confidence returns to FX market
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Plastic waste is the new gold: How recycling is creating opportunity for young Nigerians
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Xiaomi launches new advanced in-house mobile chip
Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the company as Chinese firms shift resources towards home-grown technology against a bleak international trade backdrop. Xiaomi has not confirmed which company is manufacturing the XRING O1, though Lei said it uses the same second generation 3nm-process technology as Apple's latest chips.
New fuel prices emerge across filling stations, as Dangote Refinery slashes PMS prices again
Dangote Refinery has published the official fuel price list across its partner filling stations, and encouraged Nigerians to report where any partner sells above.
Real estate consultant commends Sanwo-Olu for opening reporting channels, shares enforcement strategy
Mr. Adewole commended the government for capping agent fees at 10%, as it has been successfully implemented in the past. He spoke more on the reporting channels.
CBN introduces automated AML solutions to fight financial terrorism, gives deadline to banks
The Central Bank of Nigeria (CBN) has introduced a draft Baseline Standard to automate anti-money laundering and counter-terrorism financing processes.
Dealers crash dollar as CBN releases new FX rates amid naira’s appreciation
The Nigerian currency, the naira continued its rise against the dollar in all foreign exchange markets on Wednesday, May 21, 2025, closing at N1,582.50 per dollar.
Ads pressured to evolve as AI changes Google search
As Google races to lead in artificial intelligence, it faces the challenge of making sure the technology doesn't slow its profit-pumping advertising engine. - AI ad tools too - Google announced it is making AI tools available to streamline the creation of online ads, mirroring similar initiatives by Facebook-owner Meta, Google's primary rival in online advertising.
EU ready to tax Russian fertilisers as early as July
EU lawmakers are set to greenlight tariffs on fertiliser imports from Russia on Thursday, despite European farmers' fears the move risks sending global prices soaring. Over a quarter of the 27-nation bloc's imports of nitrogen-based fertilisers come from Russia, with more entering from Moscow ally Belarus -- which the European Commission now seeks to bring to an end.
Asian equities track Wall St sell-off as US deficit fears grow
Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.
Trump says mulling privatizing Fannie Mae and Freddie Mac
President Donald Trump said Wednesday he was considering selling off US mortgage-backing giants Fannie Mae and Freddie Mac almost two decades after they were brought under government control during a global financial crisis.
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