The United States has been conducting intelligence-gathering flights over large parts of Nigeria after President Donald Trump's threatened to invade the country.
In October 2025, the Nigerian government launched a 12-month paid internship programme to provide training for the youth, with a N150,000 monthly stipend.
President Donald Trump's administration is set to revoke tougher fuel-economy standards put in place by his predecessor Joe Biden, in a move it says will lower car prices, an official said Wednesday. "As America's largest auto producer, we appreciate President Trump's leadership in aligning fuel economy standards with market realities," Ford CEO Jim Farley said in a statement.
The naira appreciated again after a brief fall in the Nigerian foreign exchange market on Tuesday, December 2, 2025, trading at N1,446 per dollar.
The US members-only warehouse retailer Costco has sued President Donald Trump's administration, demanding a refund for tariffs it has paid on imported goods, according to a lawsuit reviewed by AFP. The suit, filed on Friday in the US Court of International Trade, says the tariffs are illegal.
The Greek government on Wednesday warned farmers against escalating a roadblock protest to demand funds delayed by the investigation into an EU subsidies scandal. The farmers have sustained major losses from an infestation of sheep pox, and an EU investigation into widespread subsidy fraud that has delayed payments to legitimate claimants.
The EU on Wednesday presented a multi-billion-euro plan to help curb the 27-nation bloc's dependence on China for rare earths, as Beijing's stranglehold on the critical materials threatens key industries. Brussels also wants to curb exports of scrap and waste from permanent magnets -- made from rare earths and widely used in industry -- as of next year, to boost recycling within Europe.
Nigeria recorded 3.98% GDP growth in Q3 2025, but CPPE has stated that the economic gains are not yet translating into improved welfare for citizens.
Australia's Vulcan Energy said Wednesday it will soon start building a German lithium production project that will provide enough of the metal for half a million electric car batteries a year. Previously the project had been in a pilot phase but development is set to get underway in the coming days, with commercial lithium production targeted from 2028, said Vulcan.
Norway on Wednesday postponed the first licences to permit deep-sea mining in its Arctic waters for four years, a delay environmentalists hope signals the "nail in the coffin" of the plans. "This must be the nail in the coffin for the deep sea mining industry in Norway," said Greenpeace deep sea mining campaigner Haldis Tjeldflaat Helle.
Zara owner Inditex, the world's largest fashion retailer, posted Wednesday higher profits for the first nine months of its fiscal year despite stiffer competition from low-cost clothing outlets like Shein and Primark.
Economy
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