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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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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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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US, Chinese officials to hold trade talks in Switzerland
Senior US and Chinese officials will travel to Switzerland later this week to kickstart stalled trade talks following President Donald Trump's sweeping tariff rollout, according to statements from both countries. The talks mark the first official public engagement between the world's two largest economies to resolve a trade war escalated by Trump shortly after his return to office in January.
US jury awards WhatsApp $168 mn in NSO Group cyberespionage suit
A US jury on Tuesday handed WhatsApp a major victory in its cyberespionage suit against NSO Group, ordering the Israel-based firm to pay some $168 million in damages. A jury on Tuesday found that NSO should pay WhatsApp $444,719 in compensatory damages and another $167,254,000 in punitive damages intended to discourage repeating the behavior that landed it in court.
Trump says US should to stop 'subsidizing' Canada as trade talks continue
President Donald Trump on Tuesday said the United States should stop "subsidizing" Canada, as he hosted the country's recently reelected premier Mark Carney for talks in Washington. The United States' trade deficit with Canada was $63.3 billion last year, according to the US Trade Representative's office.
Speculators cash out as dollar soars amid naira crash in FX market
The naira has crashed to its lowest in May at N1,609 to the dollar as volatility returned to the Nigerian foreign exchange market and is firm in the black market.
Business Accelerator partners Sterling Bank to give $2 million SME funding to Nigerian Entrepreneurs
Cascador has partnered Sterling Bank to launch a $2 million fund to support mid-stage entrepreneurs in several sectors, including logistics, healthcare, and others.
FG to boost economic ties with commencement of direct flights between Nigeria and Brazil
Nigeria is set to establish direct air routes with South America and boost economic and diplomatic relations. A delegation from Nigeria is discussing the details.
No signs of US recession, Treasury Secretary says
There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday. Bessent's remarks contrast with those of Trump, who was asked in a recent interview if the United States could enter a recession.
Retailers react as FG reopens some filling stations in border communities, leaves others shut
Since 2019, over 400 filling stations in border communities have been shut down, but the federal government recently lifted the restriction, allowing some to resume.
UK, India strike trade deal amid US tariff blitz
The UK on Tuesday agreed a free trade agreement with India, its biggest such deal since leaving the European Union, after negotiations relaunched in February following US tariff threats. His Labour government added it is "the biggest and most economically significant bilateral trade deal the UK has done since leaving the EU".
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