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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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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US consumer inflation cools more than expected in October
US consumer inflation cooled more than expected last month, according to government data published Tuesday, providing welcome news for policymakers looking to control price increases without damaging the economy. The consumer price index (CPI) inflation gauge increased by 3.2 percent in the 12 months to October, down from 3.7 percent a month earlier, the Labor Department said.
Ethiopian Airlines snaps up 31 Boeings in 'landmark' deal
Ethiopian Airlines ordered 31 Boeing jets with an option for 36 more in a "landmark" deal on Tuesday as it joined the list of companies betting big on the growth of aviation. - Engine stalls purchase - While Boeing has enjoyed the lion's share of the deals in Dubai this week, Airbus announced an order for 10 A350-900 planes by EgyptAir on Tuesday.
After gaining N200 against the Dollar, naira depreciates again despite help from Saudi Arabia
Despite improved Forex supply in the official foreign exchange market, the naira witnessed a major drop against the dollar as President Tinubu secures help
German antitrust body opens probe against Coca-Cola
Germany's antitrust watchdog said Tuesday it was opening a probe into US beverages giant Coca-Cola over rebates for retailers it said could give the company an unfair advantage over competitors.
World severely off track to limit planet-heating emissions: UN
The world is "failing to get a grip" on climate change, the UN warned Tuesday, as an assessment of current climate pledges shows only minor progress on reducing emissions this decade. "The world is failing to get a grip on the climate crisis," said UN Secretary-General Antonio Guterres, warning countries were not acting fast enough to avoid climate catastrophe.
Padi4Life: Hi-Tech Wins FCMB's 60-Team Hackathon Challenge
The inaugural FCMB Hackathon Challenge saw Team Hi-Tech, led by Afolabi Ayanfe and Sophia Ezeh, N3m for the creation of the digital financial solution, Padi4Life.
Glencore takes majority stake in Canadian coal business
Swiss commodities giant Glencore will acquire a majority stake in the steelmaking coal business of Canadian miner Teck Resources, the companies said on Tuesday, capping fraught negotiations between the groups. Vancouver-based Teck Resources put the value of its steelmaking coal business at $9.0 billion.
Apple supplier Foxconn says profits fuelled by holiday season demand
Key iPhone supplier Foxconn posted "better-than-expected" profits in its third quarter, with leadership on Tuesday attributing the surprise jump to demand ahead of the holiday season. "We have entered the traditional peak season in the second half and our operations are set to gradually improve quarter on quarter," CEO Young Liu said during an earnings call.
US postpones Asia trade deal rollout after domestic fire
President Joe Biden's administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in San Francisco, after facing domestic criticism.
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