Nigeria, through the Sultan of Sokoto, has officially announced that Eid al-Fitr 2026 will be observed on Friday, March 20, with details emerging.
Nigerian banks, led by CBN's new policy, raise savings interest rates. But inflation outpaces yields, leaving many households feeling financial strain.
HSBC reported a 14 percent drop in third-quarter pre-tax profit on Tuesday, with the banking giant's bottom line weighed down by legal provisions related to the late Bernard Madoff's huge investment fraud. The profit of $7.3 billion -- down 14 percent from the same quarter last year -- reflected an increase in operating expenses and included legal provisions of $1.4 billion, HSBC said.
Japan's new premier Sanae Takaichi lavished US leader Donald Trump with praise and vows of a "golden age of ties" on his visit to Tokyo Tuesday, before inking a deal with Washington aimed at securing critical minerals. The two sides also signed an agreement aimed at "achieving resilience and security of critical minerals and rare earths supply chains," a statement said.
Tech giants Meta and TikTok said Tuesday they will obey Australia's under-16 social media ban but warned the landmark laws could prove difficult to enforce. Australia will from December 10 force social media platforms such as Facebook, Instagram and TikTok to remove users under the age of 16.
Amazon will lay off tens of thousands of office workers as the e-commerce and tech giant trims costs amid ramped-up investments in artificial intelligence, according to US media reports.
Russian oil giant Lukoil will sell its overseas assets, the company said late Monday, after it was hit with US sanctions over the war in Ukraine. "Owing to the introduction of restrictive measures against the company and its subsidiaries by some states, the company announces its intention to sell its international assets," Lukoil said in a statement.
The Chairman of the Federal Inland Revenue Service (FIRS), Zaach Adedeji, has hailed the role of the judiciary in inspiring investor confidence in Nigeria.
A civil society group, the Coalition for Equitable Development and Fiscal Justice (CEDFJ), has asked President Bola Tinubu to expedite action on the 2025 budget.
Sterling Bank and the Development Bank of Nigeria (DBN) have unveiled a N20 billion credit facility for women entrepreneurs to scale their craft.
Asian equities surged Monday as investors cheered a breakthrough in US-China trade talks that set the stage for leaders Donald Trump and Xi Jinping to finalise a deal, averting an escalation in the world's biggest trade dispute. Futures for US copper surged on the trade deal optimism, bolstering the outlook for global demand.
Economy
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