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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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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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 $41.2 billion
Economy Latest News
“No More N757/$:” Cost of cars, other imported items to rise as customs hikes FX rates for duties collection
The Nigerian Customs Service (NIS) has hiked its Foreign Exchange rates by N787.775 per dollar for duties collection at various ports and borders across Nigeria
Discover Planet Drink: A world of tastes now in Nigeria
Planet Bottling Company is thrilled to introduce Planet, its fruit drink brand in partnership with Monarch Beverages, to the dynamic Nigerian market.
Emirates, flydubai lay big orders at Dubai Airshow
Emirates announced a bumper order of 95 planes and flydubai snapped up 30 wide-bodied aircraft as home-grown airlines unveiled big orders on day one of the Dubai Airshow on Monday. This week is the first edition of the biennial Dubai Airshow since Emirates bounced back into the black. th/ho/jsa
Climate groups demand COP28 aims for formal energy transition deal
Around 100 climate campaign groups warned COP28 organisers Monday that success of critical upcoming talks in Dubai rests on whether countries can negotiate a formal agreement to replace polluting fossil fuels with clean power.
At BAE factory, Ukraine war fuels munitions output
At a munitions factory in northeast England run by BAE Systems, production is running at full speed thanks to the war in Ukraine and an increasingly dark outlook for geopolitics. - 'Unprecedented' orders - BAE on Monday issued a bright earnings outlook on its "increasing exposure to structurally growing defence markets" and "a time of heightening geopolitical risk".
Auto supplier Continental to cut thousands of jobs
German auto supplier Continental said Monday it will cut thousands of jobs to reduce costs, at a time the sector is facing severe headwinds. Germany's auto suppliers have been facing problems as the transition to electric mobility gathers pace, after decades relying on fossil fuel vehicles for their profits. sr/hmn/lth
The growing cyber threat to global shipping
The cyberattack that paralysed several major Australian ports was a sharp reminder of what governments and experts say is a growing threat to shipping, the lifeblood of the global economy.
Nations negotiate terms of plastics treaty in Nairobi
The latest negotiations towards a global treaty to combat plastic pollution opened in Nairobi on Monday, with tensions expected as nations tussle over what should be included in the pact. As in the UN negotiations on climate and biodiversity, financing is a key point of tension in the plastic talks.
CBN source claims naira crash caused by powerful Nigerians, says speculators sabotaging FG's efforts
The Central Bank of Nigeria (CBN) has said it is going after currency hoarders and speculators over the depreciation of the naira against major foreign currencies.
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