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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New tax law replaces reliefs with rent-based deductions, capped at N500k
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US govt protests import bans on 25 products by Nigerian govt, shares lists
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India's Modi dangles tax cuts as US tariffs loom
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Who is Lisa Cook, the Fed governor Trump seeks to fire?
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FG opens registration for free financial training on investing, forex trading, entrepreneurship
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'Black Friday' kicks off US shopping season amid economic unease
US retailers' efforts to attract holiday gift buyers build to a crescendo this weekend as the "Black Friday" shopping day kicked off with big discounts. Saunders said retailers "are carefully targeting discounts" instead of "having a promotional free-for-all."
Amazon hit by 'Black Friday' strikes in Europe
Amazon was hit by strikes at various locations in Britain, Germany and Italy during the annual "Black Friday" shopping extravaganza as workers demand higher wages and better working conditions. Held the day after the US Thanksgiving holiday, "Black Friday" is increasingly copied in Europe and beyond, with stores offering big discounts to kick off shopping for the holiday gift-giving season.
Argentine shopkeepers struggle to keep pace with soaring prices
Paola Basso sighs as she hastily sticks price tags one on top of the other in a suburb of Buenos Aires, as the cost of goods soars after the election of libertarian outsider Javier Milei. "These are crazy days," said Paola's husband Fernando Savore, vice-president of the Buenos Aires grocers' federation.
Naira sets new exchange rate record in official market as FX nears convergence
The naira depreciated against the US dollar at the official market, dropping to one of the lowest since President Bola Tinubu's government collapsed the FX windows
Nissan accelerates UK electric car production
Japanese auto giant Nissan announced Friday it would invest up to £2 billion in UK electric car manufacturing, which the government touted as a sign of confidence in the sector.
Top producer Ivory Coast fears for cocoa output after rains
"Thirty years I've been in cocoa -- and this is the worst season yet," said Siaka Sylla as he contemplated an almost empty warehouse at his cooperative in Ivory Coast, the world's top producer of the bean. Back at the Hermankono cooperative, Siaka Sylla is pinning his hopes on a better intermediate harvest next April.
Senate threatens NNPC's Kyari with sack, jail term as refineries fail to work after gulping N12trn
The Senate said over N12 trillion has been spent on Turn Around Maintenance (TAM) projects of Nigerian refineries. Yet, none of the refineries is working.
Europe's Ariane 6 rocket successfully completes hot-fire test
The European Space Agency's Ariane 6 rocket successfully completed a dress rehearsal on Thursday, test-firing its engine in preparation for a maiden voyage scheduled for 2024. The hot-fire test at Europe's Spaceport in French Guiana "simulated a complete launch sequence and thus validated the entire flight phase of Ariane 6's core stage," it said in a statement after Thursday's rehearsal.
HMV reopening raises revival hopes for London's Oxford Street
British music retailer HMV returns to the iconic site of its former flagship store in central London on Friday, in a much-needed boost to the flagging fortunes of the capital's premier shopping street. The re-opening of the historic shop comes as authorities fight back against a wave of so-called American candy stores which have plagued central London since the pandemic.
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