President Bola Tinubu has been told to remove Nyesom Wike as FCT Minister in a fresh development amid move by the Rivers assembly to sack Governor Siminalayi Fubara.
The Federal Government has launched YouthCred, a new scheme allowing Nigerian youths aged 18–39 to access loans up to N5 million with flexible repayment terms.
Brazilian President Luiz Inacio Lula da Silva on Saturday urged the European Union to show "courage" and sign a trade deal with the South American Mercosur bloc. "Without political will and courage on the part of leaders, it will not be possible to conclude negotiations that have dragged on for 26 years," Lula said in his opening speech at the Mercosur summit in Foz do Iguacu.
As Europe seeks to curb its dependence on China for rare earths, plans to mine the continent's biggest deposit have hit a roadblock over fears that mining operations could harm endangered beetles, mosses and mushrooms. No rare earth deposits are currently being mined in Europe.
A Delaware appeals court cleared the way Friday for tech CEO Elon Musk to receive a long-contested $56 billion Tesla pay package, reversing an earlier judgment in the long-running case.
Representatives of the South American Mercosur bloc met in Brazil Friday, as EU diplomatic sources said a long-delayed trade deal may now be signed on January 12. Several diplomats in Brussels told AFP the EU was working towards a signature on January 12 in Paraguay, which is set to take over leadership of Mercosur from Brazil in 2026.
A key US Federal Reserve official said Friday that he sees no need to rush to cut interest rates further, adding that challenges with data collection likely distorted recent inflation numbers. Asked how the inflation data influences his view on the path of interest rates, he said that monetary policy is well-positioned for officials to gather more information.
Tourists will have to pay a two-euro entrance fee to get close to Rome's famous Trevi Fountain, which draws vast crowds daily, Mayor Roberto Gualtieri said on Friday. Entrance to the other five sites will cost five euros.
The Lagos State Government has expressed plans to reintroduce monthly environmental sanitation and procure new waste compactors to address rising waste challenges.
A French court on Friday rejected the state's request to suspend Shein's site in France as "disproportionate" after the Asian e-commerce giant removed illicit products sold on its platform. The state's request that Shein "at a minimum" maintain the suspension of its marketplace, which hosts products sold by third-party vendors, was not granted.
The Nigerian naira depreciated in the official foreign exchange market on Thursday, December 18, 2025, despite interventions by the Central Bank of Nigeria (CBN).
Economy
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