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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Meet 10 African countries with the lowest debt to IMF in 2025, Nigeria missing
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Luxury carmaker Lotus to slash UK jobs amid US tariffs
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How the National Single Window transforms Nigerian commerce
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Cash-strapped Taliban look to airspace for windfall
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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It is working: CBN speaks on strategy to tackle soaring 18-year high inflation rate, expert reacts
The Central Bank of Nigeria has expressed confidence on its monetary policy stance of tightening rates to fight Nigeria's rising inflation which is on 18-year high.
Rich nations 'likely' met $100 bn climate finance goal: OECD
Wealthy nations likely met their goal of providing $100 billion in annual climate finance to poorer nations last year -- two years later than promised and only a fraction of the "extensive needs", the OECD said Thursday. Adaptation is a key priority for developing countries and wealthy governments have promised to double adaptation finance by 2025, to $40 billion a year.
Oil, gas giants could pay climate damage and still profit: research
Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday. The estimated damage caused by carbon emissions from the 25 companies cost $20 trillion from 1985 to 2018 -- but during that time they earned $30 trillion, the report said.
Siemens nets record profits, but outlook cautious
German industrial giant Siemens on Thursday gave a cautious sales forecast for 2024, after netting a record profit in the previous financial year driven by its digital division. This cautious assessment is mainly due to the "Digital Industries" division, whose work includes supplying technologies for automation.
Quakes and climate: how Dutch farmers lost faith in politics
Spade in hand, Dutch organic farmer Piet Glas strolls off with his Jack Russell terrier Ollie to hunt mice nesting in a nearby apple orchard. There is a lot of unhappiness," said Glas, whose farm produces organic apples, berries and free-range chickens for sale in the nearby village of Loppersum.
Providus Bank set to buy Nigerian bank with N48 billion loss
Providus Bank Limited is set to buy 35-year-old Nigerian bank according to sources familiar with operations of financial institutions in the country
China ready to be 'partner and friend' of US: Xi
China is "ready to be a partner and friend of the United States," President Xi Jinping told US business leaders on Wednesday, as concerns mount over the country's slowing economy.
Asian markets drop as rate-hope rally loses steam
Asian markets fell Thursday as investors took a breather and cashed in on a recent rally, though analysts said the outlook was bright, even as data pointed to a soft landing for the world's top economy. The soft landing is taking shape," he said.
In Mexico, building a rail rival to the Panama Canal
At Mexico's narrowest point, linking the Pacific and Atlantic oceans, the government is building a railway rival to the Panama Canal with promises of economic bounty but amid fears of environmental and social harm. But, he warned, that "does not erase its environmental and social impact."
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