Saudi British Bank (SABB) and smaller rival Alawwal Bank are merging to create Saudi Arabia’s third-biggest lender with a market capitalisation of about $17.2 billion. The deal values the smaller Alawwal Bank, partly owned by ...
The Securities and Exchange Commission (SEC) on Thursday charged Nigerians to key into the financial system and invest in the capital market. The Director-General, Ms Mary Uduk, stated this while sensitising residents of Gwagwalada on ...
The dollar held at a six-week high on Thursday as an overnight jump in U.S. Treasury yields on the back of strong data prompted investors to add long bets in the greenback against higher-yielding and ...
Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively ...
Saudi Energy Minister Khalid al-Falih said OPEC is technically able to raise oil output by 1.3 million barrels per day (bpd), the TASS news agency reported on Thursday. TASS had earlier incorrectly reported that ...
Vice President Yemi Osinbajo on Tuesday announced the Federal Government’s approval of a 90-day special window to register businesses at a reduced rate of N5000 only. A statement, signed by Laolu Akande, Senior Special Assistant ...
Liberia’s central bank did not lose more than 100 million dollars in newly printed notes, its governor said on Tuesday. He was disputing prior government statements that have sparked outrage and a federal investigation. The ...
Australia on Wednesday announced plans to scrap a 10-per-cent tax on tampons and sanitary products from 2019, bowing to campaigners who have called the levy “sexist’’. The country’s state and territory treasurers unanimously agreed to ...
The Italian government is planning to moderate its deficit plans after coming under fire from the European Union and financial markets, reports said on Wednesday. In recent days, Italy announced a deficit target of 2.4 ...
Zambia on Tuesday announced an increase to fuel prices, due to an upward movement of oil prices on the international market. The fuel pump increase is also due to the depreciation of the local currency, ...
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