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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Why is Trump lashing out at Brazil?
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Enugu Air begins domestic flights to Lagos, 3 others as NCAA approves partnership with XEJET
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First Bank, FCMB, 4 others seek N731 billion to meet CBN recapitalisation as deadline nears
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Trump threatens Canada with 35 percent tariff rate starting Aug 1
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London's Heathrow eyes higher fees for £10bn upgrade
Economy Latest News
China-US trade war heats up with Beijing's tariffs to take effect
Trade tensions between the world's two leading economies are set to escalate on Monday, as Beijing begins levying tariffs on certain US agricultural goods in retaliation for President Donald Trump's latest hike on Chinese imports. After imposing a blanket 10 percent tariff on all Chinese goods in early February, Trump hiked the rate to 20 percent last week.
US takes rivalry with China to the high seas
The United States may still have the world's most powerful navy but it seems to have realised that this is no longer sufficient to reassert US supremacy over the high seas. - Gaps in US presence - While the United States may have the world's most powerful navy, its merchant fleet is not in such good shape, said Quintin.
New LIV CEO O'Neil predicts golf will 'open up again'
The new CEO of LIV told AFP the world of golf will eventually "open up again" and the Saudi-bankrolled league has an important role in growing the game around the world. "Eventually, I believe that golf will open up again," he told AFP. "We would like player movement.
US shipbuilders, a shadow of what they were, welcome Trump's support
Shipbuilding has been in steady decline in the US since the end of the Cold War but some in the industry now hope for a revival of the sector, as was promised last week by President Donald Trump. Trump has now promised to reverse this, declaring in an address to Congress on Tuesday that he would "resurrect" the sector and create an Office of Shipbuilding in the White House.
Nigeria seeks to cash in on soaring cocoa prices
Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease. - 'Full-sun' monocrop - Ivory Coast is by far the world's top grower, producing more than two million tonnes of cocoa beans in 2023, followed by Ghana at 650,000 tonnes.
China consumption slump deepens as February prices drop
Consumer prices in China fell last month for the first time since January 2024, official data showed Sunday, as authorities in the world's second-largest economy struggle to kickstart spending. It also reversed the 0.5 percent uptick recorded in January, when a surge in spending during the Lunar New Year boosted inflation to its highest rate in months.
'Grieving': US federal workers thrown into uncertain job market
Unprecedented cuts to the US government overseen by President Donald Trump's billionaire advisor Elon Musk are sending thousands of federal workers and contractors back to the labor market -- but experts warn that hiring is low at this time. - Low hiring rate - "It could be quite hard to find alternative employment if there's a big flood of people onto the market at once," Sojourner warned.
SEC commits to financial education for females as FG unveils plan to empower 10 million women
The SEC Director General noted that women are often empathetic and eager to explore opportunities that would secure the financial futures of their families.
Over 40,000 jobs set to be created from NADDC’s vehicle regulation
The NADDC's end-of-life vehicle policy will open up vacancies in the industry, with recyclable volumes in Nigeria estimated to be worth billions of dollars.
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