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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Indonesia, Peru strike trade agreement as leaders meet
Indonesia and Peru sealed a trade agreement Monday as their leaders met in Jakarta, with Southeast Asia's biggest economy looking to make inroads into South American markets. "Normally, this agreement would have taken years, but Indonesia and Peru managed to finalise this agreement within 14 months."
Asian markets waver to start key week for trade, US data
Asian markets mostly rose Monday as investors eyed a week dominated by speculation about US inflation data and a prolonged pause for Washington's tariffs on China. With Tuesday's US-China tariff truce deadline looming, investors are bullish about the prospects of another extension.
Nigeria’s VAT revenue rises to over N1.9trn in Q4 2024, 10 sectors highest contributors
The National Bureau of Statistics (NBS) has provided a breakdown of Nigeria's Value Added Tax (VAT) collections and Manufacturing contributed the largest share.
Naira holds strong as CBN pumps $150 million into banks, foreign reserves hit $40bn
The Nigerian currency, the naira, traded strongly in the official foreign exchange market following the injection of $150 million by the Central Bank of Nigeria.
Designer says regrets Adidas 'appropriated' Mexican footwear
US fashion designer Willy Chavarria said Saturday he regrets that sandals he created together with Adidas "appropriated" a traditional design from the southern Mexican state of Oaxaca.
New Instagram location sharing feature sparks privacy fears
Instagram users are warning about a new location sharing feature, fearing that the hugely popular app could be putting people in danger by revealing their whereabouts without their knowledge. In a TikTok video, Flanagan called Instagram's new location sharing feature "dangerous" and gave step-by-step instructions on how to make sure it is turned off.
Mexico seeks compensation from Adidas in cultural appropriation row
Mexico's government said Friday it was seeking compensation from Adidas, which is accused of cultural appropriation for bringing out sandals resembling traditional design from the southern state of Oaxaca.
Swiss gold refining sector hits US tariff mine
The first casualty of the imposition of a hefty 39-percent tariff on Swiss imports into the United States may be gold refining after it emerged certain gold bars would face the levy. Gold bars produced in the Belgian city Antwerp face the 15-percent tariff applied to the European Union when imported into the United States.
Trump says court halt of tariffs would cause 'Great Depression'
US President Donald Trump warned Friday of cataclysmic consequences on the US economy if a court rules that his imposition of sweeping tariffs constitutes an illegal power grab. A lower court ruled against Trump in May, but the US Court of Appeals for the Federal Circuit put the ruling on hold as it considers the case.
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