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).
K-pop megaband BTS is back from military service, and their international fandom -- long known for its progressive activism -- is celebrating by rallying behind a cause: adoptees from South Korea. Almost all of BTS members have completed South Korea's mandatory military service, required of all men due to the country's military tensions with North Korea.
Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles. But prices edged back up after Trump took to social media calling for the evacuation of the Iranian capital, which is home to nearly 10 million people.
The yen fell against the dollar ahead of a Bank of Japan decision Tuesday, with officials expected to hold interest rates steady but tweak their bond purchase policy.
Ecuador's state energy company said it stopped pumping oil through the country's main pipeline Monday due to a rupture in a section running through the Amazon. In a statement issued Monday night, the company said it doesn't immediately foresee shutting down oil wells.
US President Donald Trump is widely expected to extend the Thursday deadline for TikTok to find a non-Chinese buyer or face a ban in the United States. Trump has repeatedly downplayed risks that TikTok is in danger, saying he remains confident of finding a buyer for the app's US business.
The US Department of Defense on Monday awarded OpenAI a $200 million contract to put generative artificial intelligence (AI) to work for the military.
World leaders at the Group of Seven summit in Canada on Monday tried to push US President Donald Trump to back away from his punishing trade war that poses a risk to global economic stability. A source at the summit said that French President Emmanuel Macron urged the American leader to quickly end the trade conflict once and for all.
Earlier on monday, the IDF said it had identified missiles fired from Iran towards Israel. Amid the rising conflict, an expert has predicted the impact on the naira.
The Nigerian currency, the naira, opened the week strongly against the dollar, appreciating to N1,543 from N1,544 per dollar following the Middle East tension.
Economy
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