Japan’s two biggest banks will divest $8.5b shareholdings in Toyota Motor.
The two largest banks in Japan, according to sources cited by Bloomberg News on Friday, will begin selling their strategic stakes in Toyota Motor valued
IMF warns Nigeria that $5 billion swap deal with the UAE lender is opaque and complex.
Nigeria plans to borrow up to $5 billion through a derivatives arrangement with First Abu Dhabi Bank, but the IMF issued a warning on Tuesday
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
African countries in crisis as $74b will be used for debt servicing in 2024. – AfDB Chief.
The chairman of the continent’s development bank stated that for Africa to avoid a lost decade, the continent needs faster debt restructurings, more advantageous loan
EU Banks’ growing reliance on US Big Tech for AI poses new risks.
European banking executives express worries that the rise in artificial intelligence will make banks more reliant on large US tech companies, posing new risks to
Nigeria’s NNPC receives $925m from the $3.3b Afreximbank crude-oil-backed facility
As part of a syndicated $3.3 billion crude oil-backed prepayment facility, Afreximbank has released $925 million to Nigeria’s state-owned NNPC, the African trade bank announced
Emerging Markets got $5.5b forex inflows in May making it the 7th straight month.
May saw foreign portfolio inflows into emerging markets for the seventh consecutive month as a result of investors flooding the market with bonds; but, the
Disney set to invest $17b in Florida resort after resolving legal disputes with DeSantis appointees.
A deal that may see Disney invest $17 billion on its Florida resort and pave the way for the opening of a fifth sizable theme
Volvo launches the world’s first EV battery passport 3 years before the EU 2027 dateline.
Volvo Cars is introducing the first-ever EV battery passport in the world, which will track the source of components, recycled materials, raw materials, and carbon
Toyota apologizes for massive cheating on certification tests and halts production of 3 models.
On Monday, Toyota Chairman Akio Toyoda issued an apology for widespread cheating on certification tests for seven different car models, while the company also halted
Nigeria’s fragile economy grinds to a halt as unions protest the worst cost of living crisis in 28 years.
The top labor unions in Nigeria went on strike on Monday, demanding a pay hike amid the greatest cost of living crisis in decades. Major
Nigeria’s Central Bank to lose control over fiscal and economic policy while the Governor will spend a single term of 6 years.
A bill in the Senate indicates that Nigerian politicians are attempting to curtail the central bank’s authority over economic policy by suggesting the formation of
Load More
