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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Naira gains ground as forex supply rises, external reserves hit $41.2 billion
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New tax law replaces reliefs with rent-based deductions, capped at N500k
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Czech court nixes ex-PM Babis's acquittal in EU fraud case
Former Czech billionaire premier Andrej Babis will go back to court over an EU fraud case after an appeals court cancelled his acquittal, a specialised judiciary website said Wednesday. The High Court in Prague scrapped the January verdict acquitting Babis because of "insufficient and wrongly used evidence", said the Ceska justice (Czech Judiciary) website.
US retail sales, producer prices register October fall
Retail sales in the United States fell slightly in October, according to government data published Wednesday, fueled by a large drop in consumer spending at furniture and home furnishing stores. Spending at furniture and home furnishing stores saw the largest monthly decline in October, falling by 2.0 percent from a month earlier.
No relief: Nigerians get poorer as inflation rate hits 27.33%, residents of 3 states worst hit
The National Bureau of Statistics has revealed that Nigeria's inflation rate has increased once again in the month of October, marking the 10th consecutive rise.
Bangladesh garment factories reopen after violent protests
Bangladesh garment factories reopened Wednesday as hundreds of thousands of workers returned to key manufacturing hubs after days of violent protests demanding a near-tripling of the minimum wage. Top union leader Babul Akhter said on Wednesday that while they still rejected the new minimum wage, he urged workers to return to factories.
Inflation, higher rates hit eurozone growth outlook
The European Commission on Wednesday lowered its eurozone growth forecast for 2023 and 2024, saying the high cost of living and interest rates were weighing on consumers and businesses.
China's Tencent posts Q3 income slide despite revenue growth
Chinese internet giant Tencent announced on Wednesday a nine percent year-on-year dip in third-quarter net income, even as it posted growth in revenue over the same period. Total third-quarter revenue for the tech giant stood at 154.6 billion yuan ($21.3 billion), up 10 percent year-on-year and up four percent from the second quarter.
Union Bank exits Nigeria’s stock exchange after 52 years, announces payoff for shareholders
Union bank has announced it is delisting from the Nigerian Exchange (NGX) in a in a corporate release on the NGX signed by Somuyiwa Sonubi, the Company Secretary
“No more December deadline”: CBN gives fresh order on withdrawal of old naira notes
The Central Bank of Nigeria has said that old naira notes remain legal tender indefinitely and that it is working with relevant bodies to vacate the Court order.
EU negotiators reach deal on methane emission curbs
Negotiators for the EU's member states and lawmakers on Wednesday reached a deal on new rules to curb methane emissions which would put new reporting requirements on the coal, gas and oil industry. It requires the fossil fuel energy sector to have new measures to track and monitor methane gas emissions, and to prevent leaks.
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