Economy
CBN sets strict guidelines for banks raising capital, warns against illicit funds
Nigerian banks face a recapitalisation deadline by 2026, with the CBN enforcing strict rules to guide the sourcing of funds. Some banks may downgrade by 2026.
FG insists on ending solar panel imports, shares alternative plan
Experts have warned the FG not to proceed with its ban on solar panel importation, as it could disrupt the progress made with adoption of renewable energy in Nigeria
China tells airlines to suspend Boeing jet deliveries: report
China has told its airlines to stop taking deliveries of jets from American aviation giant Boeing, a report said Tuesday, as a trade war between Beijing and the United States deepens. Bloomberg News reported Tuesday that China had also ordered airlines to halt deliveries of Boeing planes, citing people familiar with the matter.
Japan orders Google to cease alleged antitrust violation
Japanese authorities said Tuesday they had issued a cease-and-desist order to US tech titan Google over an alleged violation of national antitrust laws. The problem is "related to the implementation of search functions for Android smartphones, in violation of the antitrust law", she said.
Aba Power to roll out 40,000 prepaid meters, create 350 new jobs in Nigeria
After achieving one month of uninterrupted power supply, Aba Power Plc has now partnered meter vendors to ensure that all 350,000 customers get metered.
Malawi's debt crisis deepens as aid cuts hurt
Behind a dimly lit bar in Malawi's capital, Ben Manda rubbed his tired eyes and poured a customer a drink. Manda is a casualty of Malawi's economic struggles, his livelihood hanging by a thread as foreign aid cuts and mounting national debt tighten their grip on his destitute African country.
CBEX allegedly collapses, traps trillions of naira days after requesting additional deposits
CBEX earlier restricted withdrawals claiming that it had run into a security breach, and later asked users for additional deposits to verify their accounts.
Danish brewer adds AI 'colleagues' to human team
They have names, faces and email addresses, but the five new colleagues at Denmark's Royal Unibrew only exist in the virtual realm, which the brewer hails as a milestone to unleash the full potential of its staff.
S. Korea plans extra $4.9 bn help for chips amid US tariff anxiety
South Korea on Tuesday announced plans to invest almost $5 billion extra in the country's semiconductor industry, citing "growing uncertainty" over US tariffs. Officials have now stepped up to provide more cover for the economically crucial industry by announcing an extra $4.9 billion will be pumped into it through 2026.
Economy
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