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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Luxury carmaker Lotus to slash UK jobs amid US tariffs
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Meet 10 African countries with the lowest debt to IMF in 2025, Nigeria missing
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Naira gains ground as forex supply rises, external reserves hit $41.2 billion
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How the National Single Window transforms Nigerian commerce
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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.
Hong Kong stocks lifted by Nvidia rally on mixed day in Asia
Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged to remove licensing curbs.
EU sets stage for big battle over long-term budget
The European Commission will kickstart two years of tense negotiations when it unveils its proposal Wednesday for the EU's long-term budget including funding reforms that risk renewed confrontation with farmers. Centralising "funding into a single fund may offer some budgetary flexibility, but it risks dissolving" the CAP with "fewer guarantees", pan-European farmers' group Copa-Cogeca has said.
Cuban president addresses anger over 'there are no beggars' claim
Cuba's president was forced to step in Tuesday after a minister's assertion that "there are no beggars" caused an uproar on the economic crisis-stricken island. President Miguel Diaz-Canel entered the fray on X Tuesday to lambast Feito's "lack of sensitivity."
Trump unveils investments to power AI boom
US President Donald Trump went to Pennsylvania on Tuesday to announce $92 billion in energy and infrastructure deals intended to meet big tech's soaring demand for electricity to fuel the AI boom. Trump made the announcement at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University, with much of the talk about beating China in the global AI race.
SEC orders transfer of over N79 billion unclaimed dividends to designated account under DMO
Investors that failed to claim their dividends over the last six years are about to lose them as the SEC has ordered for the dividends to be transferred immediately.
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