President Bola Tinubu has given a fresh update on the federal allocations going to state and local governments amid the controversies on the councils' autonomy.
Nigeria's banks face a March 2026 recapitalisation deadline. Top performers like Access and Zenith exceed targets, while others risk mergers or exits if they fail.
The EU said Friday it had accepted Microsoft's commitment to more clearly separate the Teams communications app from its Office products -- sparing the US tech giant a hefty antitrust fine.
Norway's sovereign wealth fund said Friday it was excluding French mining company Eramet from its portfolio, citing risks that the company was contributing to human rights violations and environmental damage at a nickel mine in Indonesia.
Indonesian authorities have seized a small section of the world's largest nickel mine for encroaching on forest areas without permission, authorities said Friday.
The Nigerian government has asked for the speedy implementation of the Presidential Food Coordinating Unit (PFSCU) to accelerate provision of N250bn loan to farmers
Spanish bank Sabadell on Friday said its board had rejected larger national rival BBVA's hostile takeover bid and urged shareholders to shun it as the clock ticked down on their final decision. Believing the takeover "destroys value for Banco Sabadell shareholders", the board "unanimously rejects the offer and therefore considers that the best option for shareholders... is not to accept it".
Intermarc Consulting and the Development Bank of Nigeria (DBN) have partnered to launch the DBN Entrepreneurship Training Programme (ETP) for 2025.
Britain's economy stagnated in July, official data showed Friday, dealing another blow to the Labour government at the end of a turbulent week for Prime Minister Keir Starmer.
Considered powerful, heavy-duty vehicles by their fans and dangerous gas-guzzling "monsters" by detractors -- could large pick-up trucks, long a staple on US roads, be about to roam in greater numbers across Europe?
Watching the price tick higher as he filled up his car, Russian pensioner Oleg railed against the recent surge in petrol prices, pushed higher by Ukrainian strikes on Russia's oil infrastructure. Over the summer, a wave of strikes hit processing capacity at several key facilities, pushing fuel prices higher and leading to shortages.
Economy
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