Former vice president Atiku Abubakar might be having a tough time within the ADC as his strong allies have started dumping the party ahead of the 2027 elections.
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified the government's position on TINs on bank accounts.
Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca in a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector. Monte dei Paschi (MPS) said its bid aimed "to create a new national champion in the Italian banking sector, with a number three position in key end markets".
The naira rose in value against the US dollar for the second day in the official window on Thursday, January 23, 2024, trading at N1,548 from N1,552.78.
Spanish business circles believe banking giant Sabadell's decision to return its headquarters to Catalonia will entice back the thousands of firms that fled after the region's botched 2017 independence bid.
The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.
In a field in southwest England where his dairy cows graze, Adam Stanbury said he feared the government's new farm tax, coupled with existing economic headwinds, will ruin his family business and many others.
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.
Japan's much-loved "tonkatsu" pork cutlets come with a mound of freshly shredded cabbage, but a surge in the price of the humble vegetable has prompted chef Katsumi Shinagawa to skimp on servings. Chef Shinagawa does not want to pass on the price increases to his customers, however.
US President Donald Trump said Thursday he would seek to bring interest rates lower by unleashing energy production, and would speak to the Federal Reserve if needed. Trump told reporters in Washington later on Thursday that he would like to see interest rates come down "a lot," adding that lower oil prices should help them to fall.
By the end of February, Olayemi Cardoso, governor of the Central Bank of Nigeria, will have established a new Compliance Department within the apex bank.
Economy
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