
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.
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.
The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and Temu, whose cheap items consumers have come to rely on. The move threatens to hammer the business model of several large firms that ship cheap goods from China -- including fast-fashion titans Shein and Temu.
Australians will cram voting booths on Saturday to pick their next government, deciding a hard-fought election shaped by living costs, climate anxiety and Trump tariffs. "The cost of living -- it's extremely high at the moment.
As part of its job creation initiatives, Lagos State has disbursed over N1.17 billion to 4,600 MSMEs and partnered with USAID to train 10,000 Lagosians.
Lawyers are probing "dire" workplace conditions for Meta content moderators in Ghana, attorneys involved in the investigation told AFP, in what could turn into the latest dispute over the social media giant's labour practices in Africa.
US hiring slowed less than expected in April while the jobless rate remained unchanged, according to government data published Friday, as businesses navigated the early months of Donald Trump's second presidency.
The much-awaited release of Grand Theft Auto VI, the latest instalment of the popular video game series, has been postponed by several months to May 2026, its publisher said Friday. "With every game we have released, the goal has always been to try and exceed your expectations, and Grand Theft Auto VI is no exception," it said.
The European Union on Friday won a landmark case against Britain at the world's oldest arbitration body over post-Brexit rights to fish sandeels, a tiny North Sea species. In March, Britain ordered all fishing to stop, arguing that sandeels were integral to the marine ecosystem of the North Sea.
Inflation in the eurozone remained unchanged in April, staying higher than analysts expected, official data showed on Friday, but was unlikely to sway the European Central Bank from its interest rate-cutting cycle. With inflation close to the two-percent target, the ECB shifted to cutting interest rates to boost the eurozone's sluggish economy.
Fitch ratings just upgraded Nigeria's credit rating to a B, showing that the country can meet its loan obligations. The IMF has confirmed the status of its loans.
Economy
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