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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Brussels, not Paris, will decide EU-Mercosur trade deal: Lula
France does not get to decide whether a free trade deal between the EU and South America's Mercosur bloc goes ahead -- only Brussels does, Brazilian President Luiz Inacio Lula da Silva said on Wednesday. Brazil's position, stressed by Lula in a speech on Brazilian industry, crosses swords with that of France, which is determined to block the trade pact.
Spain factory explosion kills three, injures seven
An explosion in a plastics factory near the southeastern Spanish city of Alicante killed three people and injured seven on Wednesday, emergency services said. Valencia emergency services had written on X that seven people were injured overall.
US Fed's favored inflation gauge ticks up in October
US inflation -- set to be a key issue for incoming president Donald Trump -- accelerated slightly last month, according to data published Wednesday, underscoring price pressures in the world's largest economy. Personal income rose 0.6 percent month-on-month, an acceleration from September, when it rose by 0.3 percent.
Spain govt defends flood response and offers new aid
Prime Minister Pedro Sanchez on Wednesday announced almost 2.3 billion euros ($2.4 billion) in new aid for Spain's flood-stricken region and defended his government's handling of the deadly disaster last month.
Nigerian state visit signals shift in France's Africa strategy
President Bola Tinubu will begin a two-day trip to France on Thursday, the first state visit by a Nigerian leader in more than two decades, as Paris seeks to boost ties with anglophone Africa. This state visit with Tinubu "epitomises" France's strategy in anglophone Africa, they said, adding Nigeria "wants a partnership of equals, not a lecture", especially on human rights.
CBN mandates banks to move to new FX trading platform, gives commencement date
The Central Bank of Nigeria has mandated banks in the interbank FX market to move to the Bloomberg BMatch system for FX trading, effective December 2, 2024.
EasyJet annual profit rises 40% on package holidays
British no-frills airline EasyJet on Wednesday reported a 40-percent rise in annual net profit on strong demand for its package holidays. The airline reported that for its package holiday division -- which it launched in 2019 -- customer numbers increased by 36 percent from the previous financial year.
CBN makes changes to forex trading, announces new minimum requirement
A minimum deal size of $100,000 is now required for interbank FX trading using the Electronic Foreign Exchange Matching System, according to new CBN guideline.
Greeks finally get Thessaloniki metro after two-decade wait
Greece's second city Thessaloniki will unveil its new subway system more than a decade late on Saturday after the project was dogged by archaeological challenges and financial difficulties. It is a project that has also had many, many difficulties and obstacles," Staikouras said.
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