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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Customer Service Week: How FIRS boss Adedeji transformed tax Sservice, Nigerians feel the change
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Inflation rate drops to 18%, food more affordable in 10 states
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How the National Single Window transforms Nigerian commerce
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Naira under pressure: Fresh volatility hits FX market despite CBN interventions
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United sees demand 'strengthening' as profits edge lower
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Umbro owner in joint bid for Le Coq Sportif
A consortium that includes the US owner of sportswear brand Umbro and French telecom billionaire Xavier Niel unveiled Wednesday an offer to acquire France's struggling sportswear label Le Coq Sportif for 60 million euros ($68 million). The consortium would immediately inject 60 million euros into Le Coq Sportif and save its historic site at Romilly-sur-Seine in northeastern France.
Tom Cruise has world guessing as he unleashes 'Mission: Impossible' at Cannes
Tom Cruise's "Mission: Impossible - The Final Reckoning" powers into the Cannes film festival for its premiere on Wednesday on a steamroller of hype, with the world asking if this will be the final curtain for agent Ethan Hunt. Fans will find out if this really is the end of the road for secret agent Ethan Hunt when "The Final Reckoning" is released in Europe and the Middle East from May 21.
China's Tencent posts forecast-beating Q1 revenue on gaming growth
Chinese internet giant Tencent on Wednesday reported a better-than-expected increase in first-quarter revenue, propelled by growth in gaming as the firm's strategic drive into artificial intelligence deepens. In a breakdown of sales, Tencent said that revenue from domestic games increased 24 percent year-on-year, while international games saw a 23 percent rise.
France summons cryptocurrency businesses after kidnappings
The French interior minister said Wednesday he will meet with cryptocurrency professionals to discuss how to prevent future kidnappings for ransom following several such high-profile cases in France.
Herbert Wigwe’s helicopter crash: US agency shares report with FG, details emerge
The NTSB has shared its final investigation report on the helicopter crash that claimed the life of Herbert Wigwe and five others with the federal government.
Baidu plans self-driving taxi tests in Europe this year
Chinese tech giant Baidu plans to start testing self-driving taxis in Europe for the first time by the end of this year, a source with knowledge of the matter confirmed to AFP on Wednesday. A source confirmed to AFP that Baidu will set up a local entity in Switzerland in order to begin tests there before the end of 2025.
Burberry warns 1,700 jobs at risk after annual loss
British luxury fashion label Burberry said Wednesday it could shed almost one-fifth of its global workforce over two years to reduce costs as it fell into an annual net loss. Net loss stood at £75 million ($99.8 million) in the 12 months to the end of March, compared to a profit of £270 million one year earlier, Burberry said in a statement.
N10 rebate to end as Dangote Refinery cancels scheduled maintenance
The refinery announced a fuel price slash to N835 on Monday, and followed it up with a temporary offer of N10 rebate on every litre. The end date is now here.
Colombia joins Belt and Road initiative as China courts Latin America
Colombia formally agreed on Wednesday to join China's vast Belt and Road infrastructure initiative, as Beijing draws Latin America closer in a bid to counter the United States. On the sidelines of a major gathering of regional leaders in Beijing on Wednesday, Colombia became the latest country to join the vast, global initiative.
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