President Bola Tinubu has mentioned the names of three top performing northern governors in the area of insecurity while speaking in Abuja on Monday.
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.
South Africa's finance minister presented Wednesday a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax that threatened to split the coalition government. The first version of the budget had proposed a two-percent increase in VAT to 17 percent but was withheld at the last minute.
The AIMAN president urged the government to pause 50% revenue deductions to fund crucial airport upgrades and enhance aviation safety through AIS automation.
Lagos State plans monthly rent payments to ease tenant burden, but Estate surveyors have demanded proper housing policies to be put in place before implementation.
Generative artificial intelligence now threatens job roles that had earlier been thought to be secure, and the ILO report has listed the worse-hit jobs.
Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting an auction of UK government debt. The service started working again but slower at around 1000 GMT. The UK Debt Management Office said it had to extend the bidding window for a government debt auction due to the "market-wide Bloomberg system issues".
The EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States. The EU also wants to establish common labelling so companies can sell the same product in EU states without the need for different labels.
South Africa's competition authority announced Wednesday it had approved the buyout of Africa's largest pay TV enterprise MultiChoice by France's Canal+, which wants to expand its footprint on the continent. It will also maintain the MultiChoice headquarters in South Africa.
Before submitting your application for a Canadian visa, you need to be sure you have are prepared. The most confusing part of a visa denial is not knowing why.
The Nigerian currency, the naira, has continued to appreciate in the foreign exchange market on Tuesday, May 20, 2025, closing at N1,588.50 per dollar.
Economy
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