On Monday, December 1, 2025, the defence minister, Mohammed Badaru Abubakar, resigned his appointment from President Bola Tinubu's administration.
The Abia state governor, Alex Otti, has announced plans to begin the gradual payment of 20-year gratuity to pensioners, setting aside N60 billion for the scheme.
The Nigerian government, through the Ministry of Housing and Urban Development has unveiled the prices of different housing units nationwide under RHHS.
Spain's top criminal court said Friday it had opened an investigation into executives at steelmaker Sidenor for alleged complicity in crimes against humanity or genocide for trading with an Israeli arms company. UN investigators and several human rights groups, among them Amnesty International and Human Rights Watch, accuse Israel of committing genocide in Gaza.
Shoprite Nigeria is facing major struggles, with outlets in Ibadan and Ilorin shut down and several branches in Lagos and Abuja left with empty shelves.
US consumer inflation continued to heat up last month, but by less than expected, according to official data published nine days late due to the ongoing government shutdown. The data provides economists and traders with some much-needed insight into the health of the world's largest economy, with almost all other official data releases halted due to the US government shutdown.
Russia's central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions. But the central bank says high rates are needed to bring down inflation that was still above eight percent in October, double the central bank's target.
China will develop its high-tech sector on a massive scale in the next decade, top officials vowed Friday, a day after meetings on the country's future policy priorities concluded in Beijing. "The new scale added in the next 10 years is expected to reshape China's high-tech sector," development official Zheng Shanjie told reporters at a news conference.
A swing group in French parliament on Friday said that if a 2026 budget bill was not changed to include a tax on the supremely wealthy, it would vote down the government. But the Socialists, a swing group in the hung National Assembly, have also demanded a tax on the ultra-rich, which Lecornu has refused and not included in the draft budget.
The Nigerian currency, the naira appreciated for the third day in a row against the US dollar in the official foreign exchange market, rising to N1,460 per dollar.
The EU accused Meta and TikTok on Friday of breaking the bloc's digital content rules, putting the companies at risk of hefty fines. EU digital spokesman Thomas Regnier pushed back on Friday against accusations, especially from the United States, that the DSA is a tool of censorship.
Economy
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