By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s PRESIDENCY found itself at the centre of renewed controversy after the government acknowledged errors in a recently published list of appointments, which was meant to address accusations of ethnic favouritism. The list, released in response to mounting criticism that President Bola T...
By Jemimah Wellington, JKNewsMedia Reporter MULTI-TRACK efforts to overhaul Nigeria’s power infrastructure advanced this week with the Federal Government signing a $328,818,916.99 contract with China Machinery Engineering Corporation (CMEC) for high-voltage transmission upgrades. Simultaneously, Siemens-supplied transformers and mobile substa...
By Joke Kujenya PUBLIC HEALTH advocates issued a fresh demand for urgent reforms as Nigeria marked World Health Day, warning that underfunded healthcare and unchecked junk food marketing are fuelling a national crisis of non-communicable diseases. Corporate Accountability and Public Participation Africa (CAPPA) urged the federal government to ...
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...
