Several officials and agencies were linked to an alleged coup plot in Nigeria, with arrests, raids, and financial trails sparking national concern.
The Nigerian government has announced a new date to disburse the $2.5 billion Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) fund.
Britain's grocery watchdog on Friday launched an investigation into whether online retail giant Amazon made late payments to food suppliers. That made it subject to industry rules that ensure Britain's largest retailers -- those with an annual grocery turnover above £1 billion ($1.3 billion) -- treat suppliers fairly.
Since 2019, Nigerian commercial banks and the telecom companies have haggled over the payment of the USSD fees, but this comes to an end as over 95% has been repaid.
French prosecutors have requested two years behind bars for an employer in the champagne sector accused of human trafficking, exploiting seasonal workers and housing them in appalling conditions during the 2023 grape harvest.
Minister of Solid Minerals, Dele Alake, has confirmed that the government will be launching four lithium processing plants worth over $800 million in 2025.
Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive. Russia's gross domestic product (GDP) growth slowed to 1.4 percent year-on-year in the first quarter, the lowest quarterly figure in two years.
Nigerians may grapple with higher taxes before the end of 2025 due to the tax reform bills, approved telecom and electricity tariff hikes, and another tax raise.
The Central Bank of Nigeria (CBN) has updated the foreign exchange rate after selling $41 million to authorised dealers in the FX market to stabilise the naira.
The European Union on Friday banned Chinese firms from government medical device purchases worth more than five million euros ($5.8 million) in retaliation for limits Beijing places on access to its own market. The European Commission said in a statement the move was in "response to China's longstanding exclusion of EU-made medical devices from Chinese government contracts."
Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. "President Trump's two-week 'thinking window' on whether to join Israel's war against Iran is no cooling-off period -- it's a ticking volatility clock."
Economy
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