Pressure mounted on President Bola Tinubu as US forces pushed for a Muslim-Christian ticket in 2027, reshaping APC plans and raising doubts over Shettima’s future.
Nigerians will face a new 7.5% VAT on digital banking services from January 2026, sparking concerns over financial strain amid criticism from consumer groups.
The European Union stepped up its pressure on Shein on Wednesday after the online retail giant faced an uproar in France over the sale of childlike sex dolls. The French commerce minister said Wednesday that France will lodge a civil suit against AliExpress and Joom over the sale of childlike sex dolls on their platforms.
The National Bureau of Statistics reported slight declines in the prices of major food items such as beans, garri, maize, and tomatoes in September 2025.
Hungary will deliver more oil products to Serbia, its foreign minister said Wednesday, ahead of a shutdown of the Balkan nation's oil refinery, under US sanctions due to its majority-Russian ownership.
EU lawmakers on Wednesday called to make it easier to suspend e-commerce platforms, following outrage in France over the sale of childlike sex dolls on Shein, and demanded better policing of such websites. Lawmakers also demanded EU states and the European Commission enforce the DSA, and called for better enforcement of rules including on product safety.
The Tinubu administration has introduced several loan and grant schemes to help Nigerians cope with economic hardship, unemployment, and rising poverty levels.
British entrepreneur Richard Branson paid tribute Wednesday to his wife Joan Templeman shortly after announcing her death, saying "life will never be the same without her". Templeman avidly avoided the public spotlight, with Branson describing her as a "down-to-earth Scottish lady" and "very private person" who almost never gave interviews.
Heightened market exuberance around artificial intelligence and eye-popping levels of government debt could pose risks to eurozone financial stability, the European Central Bank warned Wednesday. High levels of government debt could further undermine financial stability, the ECB said, warning that this could result in swings in the value of the euro and the cost of eurozone government debt.
The International Monetary Fund said Wednesday that Germany's public spending ramp-up must be accompanied by "pro-growth" reforms to ensure Europe's beleaguered top economy makes a sustained recovery. There is growing unease about Merz's economic plans however -- critics say public spending is moving too slowly, is being misdirected, and there is little focus on deep reform.
China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, despite US talk of retaking control of the vital trade route. The Panama Canal Authority, which has begun meeting with interested parties ahead of the bidding process, plans to award contracts for the two terminals in late 2026 and begin operations in 2029.
Economy
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