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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Naira suffers decline in forex market as exchange gap widens
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SMEDAN lists how Nigerian entrepreneurs spend business loans “they take it and disappear”
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Relief at last: Rice, beans, garri prices fall as food inflation eases across Nigeria
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FG invites Nigerians to apply for N50k for their business, releases link
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Nigerian salary earners see higher take-home pay as Tinubu’s Tax Reforms Kick In
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IMF speaks on decision to remove Nigeria from debtors’ list of 91 countries
The International Monetary Fund (IMF) has responded to mixed reactions from citizens following the announcement that Nigeria has cleared its remaining debts.
German lender Commerzbank's profits jump as it fends off UniCredit
German lender Commerzbank on Friday reported its best quarterly profit since 2011, ahead of a key shareholder meeting where it will seek to rally support to fend off advances from Italy's UniCredit. Commerzbank's bosses are set to use an annual general meeting next Thursday to rally support for their strategy to remain independent.
China sales to US slump even as exports beat forecasts
China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. However, exports to the United States -- one of China's top trading partners -- fell 17.6 percent month-on-month, data showed.
China can play hardball at looming trade talks with US: analysts
A formidable set of cards that includes granting access to its vast market and an ability to withstand economic pain will allow Beijing to play hardball in upcoming trade talks with the United States in Geneva, analysts say.
Chinese fabric exporters anxious for US trade patch-up
Surrounded by samples of silk and glittering tweed in one of China's largest fabric markets, textiles exporter Cherry said she was anxiously awaiting the result of trade talks with the United States this weekend. Sales to the United States made up 18 percent of China's total textiles and apparel exports in 2024, according to Moody's Ratings.
Asian stocks lifted by hopes for US-China talks after UK deal
Most Asian equities rose Friday on growing optimism that the worst of Donald Trump's trade war is past after he reached a deal with Britain and suggested he could lower tariffs on China as officials prepare for high-stakes talks this weekend.
Former head of crypto platform Celsius sentenced 12 years
The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges. Mashinsky, 50, pleaded guilty last December to securities fraud in a deal that reduced the level of charges he faced.
Lawmakers probe N200 billion CBN loans to 11 Discos, Details emerge
The House of Representatives have uncovered some shady areas in the CBN loan to 11 discos, and set up an investigative panel to dig up the details.
IMF lists outstanding charges to be paid as Nigeria clears $3.4 billion COVID-19 loan
Nigeria has been removed from the IMF debtor list after repaying the $3.4 billion loan. However, there are still payments to be made over the next few years.
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