On Sunday, December 14, 2025, Governor Francis Nwifuru announced a Christmas bonus of ₦150,000 to every workers in the civil service of Ebonyi state.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
US sanctions targeting Rosneft will not impact the Russian oil giant's German subsidiaries, the German government told AFP Tuesday, downplaying fears their operations could be affected as they were not formally excluded.
Elon Musk's company xAI has launched a website called Grokipedia to compete with online encyclopedia Wikipedia, which he and others on the American right wing have accused of ideological bias. Several right-wing figures welcomed the launch of Grokipedia.
The Nigerian government has opened the portal for Youth Economic Intervention and De-Radicalization Programme (YEIDEP) after several postponements.
US online retail and cloud computing giant Amazon said Tuesday that it is reducing its workforce by 14,000 posts to streamline operations as it invests in artificial intelligence, without saying where the cuts will be made. Amazon chief executive Andy Jassy has lauded the potential of AI to streamline workplace operations, from engaging with customers online to making offices more efficient.
The European Court of Human Rights said Tuesday that Norway did not breach its climate obligations when it awarded Arctic oil and gas exploration licenses in 2016. "The court clearly finds that we are not breaching human rights," he told AFP in an email.
The Nigerian currency, the naira, experienced another massive appreciation against the US dollar on Monday, October 27, 2025 in the official market.
Nigeria’s Finance Minister Wale Edun has again defended the Tinubu administration polices says the economy is improving as rice prices fall to N80,000 per 50kg bag.
The International Monetary Fund (IMF) has struck off Nigeria from its debtors' list. The fund has also released the list of African countries with the lowest debt
Asian markets cooled off Tuesday after the previous day's surge as traders digested Donald Trump's visit to Asian ally Japan, ahead of his high-stakes talks with Chinese President Xi Jinping later this week. In Tokyo on Tuesday, Trump met new Japanese Prime Minister Sanae Takaichi, declaring that the United States was "an ally at the strongest level".
Economy
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