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.
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Eight OPEC+ countries raise production by 547,000 bpd
Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices.
OPEC+ slated to increase oil output in bid to regain market share
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting Sunday, a move analysts say is aimed at regaining market share amid resilient crude prices.
Rescuers recover body of trapped worker at Chile copper mine
One of five miners trapped after a partial collapse at the world's largest underground copper mine has been found dead, Chile's state-owned Codelco group announced Saturday. Chile is the world's largest copper producer, responsible for nearly a quarter of global supply with about 5.3 million metric tonnes (5.8 million tons) in 2024.
Turkey starts supplying Azerbaijani gas to boost Syria's power output
Turkey on Saturday began supplying natural gas from Azerbaijan to Syria, whose infrastructure has been ravaged by a long civil war, with annual deliveries expected to reach up to two billion cubic metres. "In the initial phase, up to two billion cubic metres of natural gas per year could be exported to Syria," Bayraktar said in the southern province of Kilis near the Syrian border.
Sensible and steely: how Mexico's Sheinbaum has dealt with Trump
A combination of tact and tenacity is credited for Mexican President Claudia Sheinbaum's successful dealings with US counterpart Donald Trump, most recently convincing him to delay a sky-high import tariff meant to come into effect Friday. On Thursday, Trump agreed to delay by 90 days a 30 percent general tariff on imported Mexican goods, just hours before it was to take effect.
Brazilians burn Trump effigies as tariffs spark anger
Brazilians set fire to effigies of Donald Trump in protests across several cities Friday, denouncing the US president's politically motivated trade tariffs. Trump also signed an executive order slapping 50 percent tariffs on Brazilian imports, citing Bolsonaro's "politically motivated persecution."
US Fed governor to resign early at critical time for central bank
US Federal Reserve governor Adriana Kugler is resigning from her position, the central bank said Friday, opening a vacancy that President Donald Trump can fill as he presses his campaign to drop interest rates. "It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System," Kugler wrote in her resignation letter.
Search intensifies for five trapped in giant Chile copper mine
Rescue teams in Chile searched Friday for five miners trapped after a partial collapse triggered by a tremor killed one colleague and halted operations at the world's largest underground copper mine.
Exxon, Chevron turn page on legal fight as profits slip
Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.
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