In Borno state, jubilation was noticed as a top Boko Haram commander, Julaibib, was finally killed. A fierce battle occured around Kimba in Damboa LGA of Borno.
Nigerians can now apply for interest-free loans up to ₦300,000 via GEEP for 2026, supporting micro and small enterprises, fostering financial inclusion and growth.
The United States and Switzerland are set to unveil details of a trade pact Friday, with both sides reaching an agreement to sharply lower tariffs recently imposed by President Donald Trump, officials said. The Swiss government separately announced that Switzerland and the United States have found an agreement where US tariffs will be slashed from their current 39-percent level to 15 percent.
Kyrgyzstan and Tajikistan are facing an energy crisis as water levels have plummeted at the reservoirs powering their largests hydropower stations, officials said this week. The water level in the reservoir connected to Tajikistan's Nurek power plant has dropped by 2.47 metres (8.1 feet) over the last year, the state utility firm told AFP on Friday.
A financial analyst, Omowunmi Samuel, has disclosed that the Nigerian government did not introduce new taxes on savings, but only enforcing an existing law.
Serbia's diplomatic balancing act has left it teetering on the brink of a winter energy crisis, analysts warn, as US sanctions on its only oil refinery, the EU's phaseout of Russian energy, and Moscow's gas supply hardball hit home.
A British court ruled Friday that Australian mining giant BHP is liable for one of Brazil's worst environmental disasters, potentially paving the way for billions of pounds in compensation. "BHP are strictly liable as 'polluters' in respect of damage caused by the collapse," the High Court in London said in its ruling following a mammoth trial.
The German parliament's budget committee has approved revised 2026 spending plans that include even higher debts than originally thought, lawmakers said Friday, as the government gears up for an investment splurge.
The naira has rebounded in the official foreign exchange market despite threats posed by external shocks, Also, Nigeria's external reserves hit $43.4bn.
Swiss luxury group Richemont, owner of Cartier and other iconic luxury brands, on Friday reported sales ahead of analysts' forecasts notably thanks to strength in its jewellery division. Strong demand for jewellery boosted the sales of brands Buccellati, Cartier, Van Cleef & Arpels and Vhernier by six percent in the reporting period, with momentum accelerating in the second quarter.
More than 500 economists and other leading experts, including a Nobel laureate and a former United States treasury secretary, on Friday urged G20 leaders to establish an international panel to tackle extreme wealth disparities.
Economy
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