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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How the National Single Window transforms Nigerian commerce
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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FG moves to increase access to cooking gas as dealers release new price list for 5kg, 12.5kg
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India's Modi dangles tax cuts as US tariffs loom
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US govt protests import bans on 25 products by Nigerian govt, shares lists
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Coach owner Tapestry calls off Capri bid on regulatory blocks
Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands including Michael Kors and Versace, following a successful legal challenge by US regulators. "Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies," Capri said in a statement.
UK government announces ban on new coal mines
The UK announced Thursday that it will introduce legislation to ban new coal mines, as the Labour government ramps up its plans to make Britain a clean energy leader. Energy minister Michael Shanks said in a statement that "consigning coal power to the past" would "pave the way for a clean, secure energy system that will protect billpayers and create a new generation of skilled workers".
CBN slashes customs FX rates to clear goods at ports after naira rises against dollar
The Central Bank of Nigeria (CBN) has announced new exchange rates for clearing goods at Nigerian ports following the appreciation of the naira in FX markets
IKEDC responds to FG, speaks on proposed phase-out of Unistar meters today
Given their opinions on the proposed phase-out of Unistar meters, Electricity Distribution Companies have been ordered by the FCCPC to stop any replacement efforts.
Burberry launches turnaround plan as posts loss
Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global luxury sector pressured by weak Chinese demand. China is the world's biggest spender in the luxury sector, accounting for half of global sales.
Greece's ambitious 'smart city' by the sea takes shape
High above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centrepiece of Greece's future "smart city" look out over the Saronic Gulf. - A 'smart city' - The former terminal, a listed building since the airport relocated in 2001, is to be converted into an exhibition hall.
Corruption overshadows Ukraine's multi-billion reconstruction progam
When Bart Gruyaert agreed to help rebuild destroyed apartment blocks outside Kyiv, he hoped to be one cog in Ukraine's vast reconstruction programme, repairing just some of the damage wrought by Russia's invasion. For some officials, Russia's invasion has provided new opportunities for personal enrichment.
Dating apps move to friend zone in search of profits
Burnt-out love-seekers are shunning dating apps in their millions, but the apps are trying to woo them back with a counter offer: If you don't want a lover, perhaps you just need a friend?
As Trump returns, African exporters torn between hope and horror
Citrus growers in South Africa are among the businesses most nervous that duty-and-quota-free exports to the United States could be scrapped next year when Donald Trump takes office again.
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