On Saturday, december 6, 2025, a jet belonging to the Nigerian Air Force (NAF) reportedly crashed near Karabonde, Borgu local government area of Niger State.
The Nigerian government has opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
President Donald Trump announced Wednesday a rollback of Joe Biden's fuel-economy standards, arguing it will lower US car prices -- but critics warned it would worsen climate change and leave drivers paying more to re-fuel.
US private-sector hiring data released Wednesday painted a downcast picture of the job market in the world's biggest economy, especially among small businesses. Other US data released Wednesday contained conflicting signs on the economy.
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.
Economy
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