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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Another 27,701 Nigerian workers switch PFAs as PenCom disburses N1.64 trillion to retirees
The PenCom transfer window was introduced in 2021 to allow workers and retirees the flexibility of choosing another Pension Fund Administrator if they desire.
Analysts predict new exchange rate for naira as dollar hits four-month low
Financial experts and analysts have disclosed that the naira may depreciate to N1,700 per dollar in the second quarter of 2025 due to a series of events.
Stakeholders worried as FirstBank, Zenith, 8 others spend N377 billion on NDIC, AMCON levy in Q1
The amount paid by top Nigerian banks to these two government institutions has increased by 34% within one year, and now account for 24% of profit before tax.
Stellantis pulls plug on hydrogen fuel cell vans
Jeep-maker Stellantis said Wednesday it was pulling the plug on plans to build light vans using hydrogen fuel cells, saying it saw no prospects for it to be commercially viable.
Nvidia's Huang says 'doing our best' to serve Chinese market
Nvidia CEO Jensen Huang said on Wednesday his firm was "doing our best" to serve China's vast market for semiconductors after meeting Beijing officials. "They want to know that Nvidia continues to invest here, that we are still doing our best to serve the market here," he said.
Indonesian shoemakers fear Trump tariffs despite lower levy
At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump's tariffs hit exports. So any new tariff was likely to damage business -- particularly in Bandung, where its shoe scene is well-known internationally for beautifully hand-crafted quality leather boots.
Indonesia hails 'new era' with US after Trump trade pact
Indonesia's leader on Wednesday hailed a "new era" of trade relations with the United States, after Donald Trump said he slashed the tariff rate faced by Southeast Asia's biggest economy from 32 percent to 19 percent.
Pakistan's quiet solar rush puts pressure on national grid
Pakistanis are increasingly ditching the national grid in favour of solar power, prompting a boom in rooftop panels and spooking a government weighed down by billions of dollars of power sector debt. But the fall in national grid consumers has crept up on an unprepared government burdened by $8 billion of power sector debt, analysts say.
Dutch tech giant ASML sees profits rise but warns on 2026
Dutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook.
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