By Jemimah Wellington, JKNewsMedia Reporter LEADERSHIP OF Nigeria’s finances has shifted into new territory. Public debt surged to N144.67 trillion ($94.23 billion) by December 31, 2024, reflecting a staggering 48.58% increase from the previous year’s N97.34 trillion ($108.23 billion), according to the latest figures from the Debt Manag...
By Joke Kujenya THE NIGERIAN National Petroleum Company (NNPC) Limited announced it has increased the price of petrol to N950 per litre in Abuja, up from N880, and to N925 per litre in Lagos, from N860, effective April 2, 2025. The price hikes follow rising global oil prices, fluctuations in the exchange rate, and adjustments […]
By Ajibola Olaide, JKNewsMedia Reporter GLOBAL MARKETS slumped on Wednesday as US President Donald Trump imposed sweeping tariffs on Nigerian imports, adding to concerns over escalating trade tensions. The move, part of Trump’s broader protectionist trade policy, triggered uncertainty in financial markets, with Wall Street, European ind...
By Jemimah Wellington, JKNewsMedia Reporter SOARING TO $23.11 billion by the end of 2024, Nigeria’s Net Foreign Exchange Reserve (NFER) reached its highest level in over three years. The increase reflects a significant improvement in external liquidity, reduced short-term obligations, and renewed investor confidence. According to the Central ...
By Jemimah Wellington, JKNewsMedia Reporter THE MANAGEMENT and staff of the Nigerian National Petroleum Company (NNPC) Ltd have warmly welcomed the appointment of Bayo Ojulari as the new Group Chief Executive Officer (GCEO). A statement issued by the company notes that his appointment, made by President Bola Ahmed Tinubu, marks a significant l...
By Jemimah Wellington, JKNewsMedia Reporter AT THE Border Security Summit in London, Nigeria’s Interior Minister, Olubunmi Tunji-Ojo, stressed the importance of increased collaboration and data sharing among countries in the Sahel and West African regions to address border security challenges. Speaking on the sidelines of the summit, which ga...
By Jemimah Wellington, JKNewsMedia Reporter ONGOING INVESTIGATIONS into revenue discrepancies in Nigeria’s oil and gas sector have led to the recovery of $14.2 million (approximately ₦21.4 billion) from four companies. This brings the total reclaimed unremitted funds to $33.44 million (around ₦50.1 billion). Breakdown of the latest recoveries...
By Babafemi Ojudu Today, I join millions of Nigerians in wishing President Bola Ahmed Tinubu a happy birthday. MR. PRESIDENT, I remember the days when we sat together as friends, allies, and comrades in the struggle for democracy and good governance. You were once a friend and confidant. During the party primary that brought you […]
By Jemimah Wellington, JKNewsMedia Reporter PRESIDENT BOLA Tinubu marked his 73rd birthday on Friday, March 28, 2025, with a special prayer session in Abuja, where he emphasised the importance of hard work and prayer in nation-building. The solemn gathering, attended by government officials, religious leaders, and dignitaries, was dedicated t...
By Jemimah Wellington, JKNewsMedia NIGERIAN PRESIDENT Bola Tinubu welcomed his Ghanaian counterpart, John Dramani Mahama, to the State House in Abuja on Thursday. The visit marks Mahama’s first official trip to Nigeria since taking office on January 7, 2025. Arriving at the Presidential Villa around 2:30pm, Mahama was received by President Tin...
