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.
Economy
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Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
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How the National Single Window transforms Nigerian commerce
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IMF meetings to begin under fresh cloud of US-China trade tensions
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Finally, Dangote free fuel distribution begins, new petrol prices emerge
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Naira under pressure: Fresh volatility hits FX market despite CBN interventions
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Tokyo soars, yen sinks after Takaichi win on mixed day for Asia
Tokyo stocks surged more than four percent to a record high Monday and the yen sank on bets that the new leader of Japan's ruling party will embark on a new era of loose monetary policy to kickstart the country's economy.
China's chip challenge: the race to match US tech
China's push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will struggle to match the technical might of US powerhouse Nvidia within the current decade. The hype has also sharply driven up stocks in the smaller chipmaker Cambricon, sometimes dubbed "China's Nvidia".
'My heart sank': Surging scams roil US job hunters
After a series of interviews, Nicole Becker was ecstatic to receive a job offer from a sportswear brand. In July, a purported Chinese brand offered Becker -- a 37-year-old based in Oregon -- a coveted role to lead global communications after an elaborate and legitimate-looking recruitment process that stretched over two weeks.
Competition heats up to challenge Nvidia's AI chip dominance
The artificial intelligence (AI) revolution has whetted the appetites of Nvidia's competitors, who are seeking to close the gap on the chip giant, which has so far been the central playmaker in the AI revolution.
France unveils new government amid political deadlock
French President Emmanuel Macron named a new government on Sunday, putting together a team of largely familiar faces under Prime Minister Sebastien Lecornu as he struggles to pull the country out of a political crisis. In appointing Lecornu in early September, Macron plumped for one of his closest allies rather than seeking to broaden the appeal of the government across the political spectrum.
Italy working hard to prevent extra US tariffs on pasta
Italy has appealed to Washington and the European Commission in an attempt to dissuade the US from imposing a punitive tariffs on pasta imports, a deeply unpopular measure among producers.
Nigerians sell their cars, houses, other properties on Facebook, Instagram to raise funds to "Japa"
The "Japa" trend has fueled the business of decluttering unwanted items as many Nigerians put their properties on the market to raise funds to emigrate abroad.
Opec+ plus to raise oil production by 137,000 barrels a day in November
Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their production quotas by 137,000 barrels per day in November, as they continue to push for greater market share. In the past few months, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Oman and Algeria have already raised their quotas by more than 2.5 million barrels a day.
Dollar crashes as experts warn naira may be overvalued by 30%, predict ₦6trn competitiveness loss
The Nigerian currency is at its strongest level in 10 months. However, experts have warned of the potential impact of a stronger naira on the economy.
Economy
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