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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10 best states to start a business in Nigeria and why
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Qantas says profits up, strong travel demand ahead
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Naira strengthens as FX reserves hit $41.2bn: Fresh dollar inflows boost confidence
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Expert projects new exchange rates for naira as CBN slashes Customs duty
An economist, Bismarck Rewane, has projected a sound exchange rate for the Nigerian naira in January 2025, saying the currency will bounce back stronger.
China's largest air show takes off with fighter jets, attack drones
Stealth fighter jets and attack drones took centre stage as China's largest air show officially opened on Tuesday, an opportunity for Beijing to showcase its growing military might to potential customers and rivals alike. The star of Airshow China, which showcases Beijing's civil and military aerospace sector every two years in the southern city of Zhuhai, is the new J-35A stealth fighter jet.
Sri Lanka's leftist president faces first parliament test
Sri Lanka's new leftist leader has drawn strong support from an unlikely source as he seeks to expand his three parliamentary seats to a house majority in elections on Thursday. Voting opens Thursday at 7:00 am (0130 GMT) for 8,880 candidates contesting 225 seats in parliament, with initial results expected as early as Friday morning.
Asian markets stutter with focus on China as Trump picks team
Traders struggled Tuesday to bounce back from the previous day's losses in most markets sparked by disappointment over China's economic support measures, while keeping tabs on the United States as president-elect Donald Trump builds his cabinet.
Bees help tackle elephant-human conflict in Kenya
"We used to hate elephants a lot," Kenyan farmer Charity Mwangome says, pausing from her work under the shade of a baobab tree. It is also expensive -- about 150,000 Kenyan shillings ($1,100) to install hives -- well beyond the means of subsistence farmers, though the project organisers say it is still cheaper than electric fences.
Australia moves to keep its banks in the Pacific
Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps. Australia and China are locked in "a state of permanent contest in the Pacific", Australia's foreign minister said earlier this year.
Italy and Lufthansa reach deal on ITA Airways stake
The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators.
Fears of Trump trade wars cast pall over Asia-Pacific summit
The presidents of the United States, China and other Asia Pacific nations gather in Lima this week for an economic summit overshadowed by the prospect of a world embroiled in trade wars under Donald Trump.
Boeing reaches settlement to avert civil trial in MAX crash
Beleaguered aviation giant Boeing reached a last-minute settlement Monday with the family of a woman killed in the crash of a 737 MAX jetliner in 2019, averting a federal civil trial.
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