By Our Reporter MISLEADING INFORMATION circulating about the sale of refinery scrap materials has been declared false by Nigerian National Petroleum Corporation (NNPC) Limited, which says it has not authorised any such transactions. JKNewsMedia.com reports that the company stated that claims suggesting it is selling scrap materials, equipment...
By Housing Staff writers A WAVE of public frustration is cresting across Lagos as residents intensify calls on Governor Babajide Sanwo-Olu to take decisive action against what many now describe as a “runaway rental market.” From the mainland to the island, tenants say the cost of keeping a roof over their heads has surged beyond […]
By Ajibola Olaide, JKNewsMedia Reporter TRANSFER OF leadership at Nigeria’s Finance Ministry has been completed following a formal handover from the immediate past minister, Wale Edun to Taiwo Oyedele, with the process confirmed in an official statement. JKNewsMedia.com reports that the transition took place on Thursday evening and was disclo...
By Jemimah Wellington, JKNewsMedia Correspondent ADJUSTMENT OF bank charges has been introduced with an increase in the fee for issuing or replacing debit and credit cards from N1000 to N1500 under a revised framework by the Central Bank of Nigeria (CBN). JKNewsMedia.com reports that the change forms part of a circular released on Thursday ti...
By JKNewsMedia COMPENSATION FOR subscribers affected by poor network quality will be implemented following a directive issued by the Nigerian Communications Commission to mobile network operators. JKNewsMedia.com reports that MTN Nigeria Communications (MTN) announced in a statement that customers in affected areas where service shortfalls we...
By JKNewsMedia NEW RULES governing the Bank Verification Number (BVN) system will take effect from May 1, restricting customers to using mobile banking applications on only one device at a time. JKNewsMedia.com reports that the Central Bank of Nigeria (CBN) stated that once a user logs into their account on a new phone, the previous […...
By Ebunoluwa Olawale, JKNewsMedia Intern HOUSING LOAN scheme of N10 billion has been approved to bridge the housing deficit and improve access to affordable homes for low- and middle-income workers. JKNewsMedia.com reports that the Head of Service of the Federation, Mrs Didi Esther Walson Jack, announced the scheme in Abuja on Friday during a ...
By Joke Kujenya NIGERIA CARRIES the highest global burden of sickle cell disease among children, with more than 1.5 million under the age of 15 living with the condition, a new international study published in The Lancet Child and Adolescent Health has revealed. JKNewsMedia.com reports that the study, led by Professor of Public Health at [&he...
By Taiwo Oyedele, Federal Minister of Finance “AS OF May 2023, Nigeria was amber, waiting to turn red. Nigeria was trading a negative balance of payments. Nigeria had printed about 30 trillion naira to spend. “The government spent 97 percent of federal revenue on debt servicing. Everything from salaries to overhead to capital expenditure...
By Olukorede Yishau THE LAST sentence of Bolaji Abdullahi’s memoir, ‘The Loyalist’, is one of the most thoughtful I have ever read: “Some relationships can only be saved through an amicable divorce.” Several moments in this book are remarkable in their exposition of betrayals, power and patronage. The book shows that when lo...
