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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Dollar sells at new rates in official and parallel markets after CBN’s action
The naira experienced marginal depreciation in the foreign exchange market on Wednesday, November 27, 2024, trading at N1,660 per dollar from N1,650.
UK opens Africa’s largest visa application center in Lagos
The United Kingdom has opened Africa’s largest Visa Application Centre in Lagos as part of its efforts to improve services for Nigerians looking to travel.
Primark boss defends practices as budget fashion brand eyes expansion
Ireland-based budget fashion chain Primark has been criticised for its record on workers' rights and the effect of its low-cost, high-volume model on the environment. In the world of low-cost fashion, Primark -- a fixture on the high street in the UK, Ireland and beyond -- is a one-off.
Norway faces WWF in court over deep sea mining
The World Wide Fund for Nature's (WWF) Norwegian chapter will have its day in court Thursday, after it sued Norway for opening up its seabed to mining before performing sufficient impact studies.
Asian markets mixed after subdued pre-holiday shift on Wall St
Asian markets diverged Thursday as investors brushed off a negative lead from Wall Street while welcoming a drop in Treasury yields and data showing US inflation was holding steady. Treasury yields slipped, weighing on the dollar Wednesday, though the greenback edged back slightly in Asian trade.
'Anti-woke' Americans hail death of DEI as another domino topples
America's largest private employer, Walmart, is the latest name to join a list of US businesses and institutions rethinking programs to bolster minority groups as support for progressive policies erodes. Emboldened by Trump's campaign pledges to end "wokeness," conservative groups have been filing numerous lawsuits targeting corporate and federal programs aimed at elevating minorities and women.
'Retaliate': Trump tariff talk spurs global jitters, preparations
Donald Trump's tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year. The US trade deficit with Vietnam has widened in recent years on a surge in goods imports.
Mexico president hails 'excellent' Trump talks after US tariff threat
Mexico's president discussed migration and drug trafficking with US President-elect Donald Trump on Wednesday -- two issues he had raised as justification for raising import tariffs on America's southern neighbor.
Coffee price heats up on tight Brazil crop fears
The price of Arabica coffee hit the highest level since 1977 on Wednesday, approaching a record high as drought in top producer Brazil this year hits supplies. Brazil, the world's largest coffee producer, faced a record-breaking drought this year which has raised significant concerns for 2025/2026 crops amid already tight supplies.
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