There is a fresh tension in Rivers state after a plot to assassinate FCT Minister Nyesom Wike was uncovered and a popular pastor has been arrested.
Federal Government denied plans to monitor bank accounts for tax; small businesses earning below ₦12 million exempt from income tax under new reforms.
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.
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).
A joint committee of French lawmakers on Friday failed to reach a compromise on the state budget for next year, parliamentary sources said, meaning France would not have a 2026 budget by year end. "Parliament will therefore be unable to vote on a budget for France before the end of the year," Prime Minister Sebastien Lecornu said on X after senators and members of the lower house could not agree.
Nigeria could face significant economic consequences following new travel restrictions announced by the United States over security and overstay concerns.
Economy
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