On Thursday, December 4, 2025, President Bola Tinubu nominated the immediate past sole administrator of Rivers state, Ibok-Ete Ekwe Ibas, as a non-career ambassador.
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified the government's position on TINs on bank accounts.
The EU will Monday urge the United States to implement more of the transatlantic trade deal struck in July, including cutting tariffs on steel, during talks in Brussels with US Commerce Secretary Howard Lutnick.
Britain's centre-left Labour government unveils its annual budget Wednesday, with expected tax rises to curb debt and fund public services threatening to further dent its weak poll ratings. Reeves hiked a tax on businesses in her inaugural budget last year -- a move that has been blamed for Britain's weak economic growth.
The Federal Government has said it plans to open the first 47km of the Lagos–Calabar coastal highway to traffic in December 2025, while work continues.
Belgium faces closed schools and disrupted train and air travel as unions call for three days of strikes starting Monday to protest the government's proposed spending cuts and labour law changes. Trains and public transport begin striking Monday, with national railroad company SNCB expecting to run two out of three trains, or just one out of three on some lines.
Asian markets mostly rose Monday as fresh hopes for a US interest rate cut provided some calm after last week's rollercoaster ride fuelled by worries of a tech bubble. That has been compounded in recent weeks by falling expectations the Federal Reserve will cut rates for a third successive time next month as stubbornly high inflation overshadows weakness in the labour market.
Mogadishu is rising, literally, from the ashes of decades of war. "The government is trying to project that Mogadishu is rising," he said, but "who is paying the price?"
European and African leaders gather in Angola Monday for a summit aimed at deepening economic and security ties that will serve as a backdrop to emergency talks on Ukraine. After top US and Ukrainian representatives met in Geneva on Sunday for talks on a new version of the proposal, EU leaders were to hold a "special meeting" on the sidelines of the Luanda gathering on Monday.
Global wildlife talks open Monday, with debates set to take on questions ranging from protection of sharks, a bid to allow limited rhino horn sales and a push to restrict the trade in eels. The proposals on the table attempt to strengthen protections for several shark species, weaken restrictions on trade in giraffes and open the way to limited sales of rhino horn and elephant ivory.
Americans are expected to spend a record amount over the holiday season, despite lingering worries in the world's biggest economy about stubborn inflation, tariffs and the knock-on effects of the government shutdown.
Economy
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