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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FG moves to increase access to cooking gas as dealers release new price list for 5kg, 12.5kg
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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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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OhentPay Launches In 30+ European Countries Allowing Seamless International Payments For Nigerians
OhentPay has launched its payment service across over 30+ European countries. This allows Nigerian across Europe to send funds back home to loved ones in Nigeria.
Oil firms face 'moment of truth' in climate crisis: IEA
Oil and gas firms will face a crucial choice at UN climate talks next week between contributing to the climate crisis or embracing the clean energy transition, the International Energy Agency said Thursday. "Producers must choose between contributing to a deepening climate crisis or becoming part of the solution by embracing the shift to clean energy," the IEA said.
Country Garden shares jump after China signals fresh support
Shares in heavily indebted Chinese developer Country Garden soared more than 17 percent on Thursday as signs emerge that Chinese officials are planning more concrete support for the troubled sector.
Oil drops further after OPEC delay as Asian stocks struggle
Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities struggled after two US reports dented recent euphoria over the future of interest rates. Our expectation is that policy rates have peaked."
“Market participants are confused”: Analysts explain why CBN is quiet on MPR despite rising inflation
Financial analysts have expressed their views on the CBN’s stance towards the Monetary policy Rate for two consecutive periods since the new governor resumed
CBN governor Cardoso shuns MPC meeting but controls money supply low-key using other tools
Instead of the regular Monetary Policy Rate (MPR), Analysts have identified another tool used by the CBN to rein in inflation and control money supply
“Full List”: Top Nigerian states with highest local government IGR, FCT, 7 states missing
About seven states in Nigeria could not generate revenue from their local government areas, while 29 states earned N48.7 billion led by Oyo and Lagos.
UK budget seeks to 'turbocharge' growth
Britain's Conservative government was set to unveil Wednesday a budget update that aims to "turbocharge" the economy and is a vital part of its efforts to woo voters as it lags in polls before next year's expected election.
Currency in circulation hits all-time High, returns to pre-naira redesign periods
Currency in circulation in Nigeria as of October 2023 hit N2.299 trillion, the highest in 2023, as experts believe it has reverted to the pre-naira redesign era.
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