By Jemimah Wellington, JKNewsMedia Reporter ECONOMIC COLLABORATION and cultural exchange took centre stage as President Bola Tinubu commenced his state visit to France. French President Emmanuel Macron welcomed Tinubu at the iconic Hôtel National des Invalides in Paris, marking a historic diplomatic engagement. Tinubu’s visit is the firs...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s REAL GDP is projected to grow from 2.92% in 2024 to 3.3% in 2025, while inflation could decline from 32.5% to 25%, according to the International Monetary Fund (IMF). However, challenges like rising currency circulation and increased money supply continue to pressure the economy. The IMF’s ...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s CIVIL service continues to grapple with the issue of ghost workers, as efforts intensify to address employees abroad who still collect salaries without formal resignation. The Head of the Civil Service of the Federation (HCSF), Mrs Didi Esther Walson-Jack, disclosed these updates during a p...
PRESIDENT BOLA Tinubu began a three-day state visit to France, aiming to bolster Nigeria-France relations. He was accompanied his wife, the First Lady of Nigeria, Senator Oluremi Tinubu. Arriving at Orly Airport in Paris, they were welcomed with full military honours by the French Republican Guard. On Thursday, President Tinubu will meet Frenc...
By Joke Kujenya NIGERIA’s PRESIDENT Bola Tinubu will embark on a three-day state visit to France on Wednesday, aiming to deepen political, economic, and cultural ties between the two nations. The visit follows an invitation by French President Emmanuel Macron. The visit focuses on fostering collaboration in critical areas, including agricultur...
NIGERIA’S UNEMPLOYMENT rate declined to 4.3% in Q2 2024, down from 5.3% in Q1, according to the National Bureau of Statistics (NBS). The report highlights improvements in workforce participation and employment metrics, but significant challenges remain. Labour force participation rose to 79.5%, an increase from 77.3% in the previous quarter, w...
By Joke Kujenya TUESDAY’s SUCCESSFUL restoration of petroleum product loading at the Port Harcourt refinery has drawn praise from President Bola Tinubu, who sees the achievement as a critical step in Nigeria’s journey towards energy independence. The milestone, marked on 26 November 2024, symbolises progress in addressing the count...
By Joke Kujenya THE CENTRAL Bank of Nigeria (CBN), on Tuesday, announces increase in the Monetary Policy Rate (MPR) from 27.25 per cent to 27.50 per cent, aiming to address rising economic challenges. The decision came during the final Monetary Policy Committee (MPC) meeting of the year, held at the apex bank’s headquarters in Abuja [&he...
By Joke Kujenya YEARS OF anticipation and failed timelines culminated in a breakthrough as the Port Harcourt Refinery in Rivers State resumed crude oil processing in Nigeria, Tuesday. This development followed an extensive rehabilitation effort initiated by the Nigerian National Petroleum Company (NNPC) Limited in May 2021. On Tuesday, petrole...
By Ajibola Olaide, JKNewsMedia Reporter NIGERIA’s ECONOMY recorded a significant expansion in the third quarter of 2024, as the Gross Domestic Product (GDP) grew by 3.46%, surpassing the 3.19% growth achieved in the second quarter. This improvement reflects progress in President Bola Tinubu’s economic reforms, aimed at driving fiscal managemen...
