US President Donald Trump recalls Richard Mills and other ambassadors, reshaping diplomatic ties with Nigeria amid visa disputes and security challenges.
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.
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.
The average Cost of a Healthy Diet (CoHD) in Nigeria increased to N1,611 per adult per day in July 2025, according to a recent report by the NBS.
CrediCorp has introduced a digital device credit scheme aimed at helping working Nigerians get access to affordable smartphones, laptops and other essential devices.
Aircraft maker Airbus said Wednesday it had lowered its 2025 target for deliveries because of fuselage panel quality issues at its flagship model, the A320. It did not say whether 2026 deliveries would also be affected by the problem which it said stemmed from "a recent supplier quality issue on fuselage panels impacting its A320 Family delivery flow".
European Union lawmakers and member states reached a deal Wednesday to ban all imports of Russian gas by autumn 2027, as the bloc seeks to choke off key funds feeding Moscow's war chest. The timeline must still get final approval from the European Parliament and member states.
Economy
Load more