By Jemimah Wellington, JKNewsMedia Reporter NIGERIA IS set to strengthen its maritime sector with the signing of six International Maritime Organization (IMO) conventions by President Bola Ahmed Tinubu. This step signals Nigeria’s commitment to international maritime standards and paves the way for official deposition at the IMO headquarters i...
By Joke Kujenya CONCERNS ARE mounting across Nigerian households as rising costs of living push many to reconsider major purchases and cut back on spending. The latest Household Expectation Survey by the Central Bank of Nigeria (CBN) indicates a bleak economic outlook, with households forecasting increases in transportation, home purchase, veh...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s FOREIGN debt servicing hit a peak of $3.58 billion in the first nine months of 2024, marking a 39.77% increase from the $2.56 billion recorded during the same period in 2023, according to the Central Bank of Nigeria (CBN). This sharp rise underscores mounting costs due to exchange rate [&he...
By Jemimah Wellington, JKNewsMedia Reporter A STRENGHTENED alliance between Nigeria’s National Drug Law Enforcement Agency (NDLEA) and the National Agency for Food and Drug Administration and Control (NAFDAC) has been forged to curb substance abuse and enhance public health safeguards across the country. At the signing of a new Memorandu...
By Joke Kujenya THE WORLD Trade Organization (WTO) has confirmed Dr. Ngozi Okonjo-Iweala, Nigeria’s former finance minister, as the sole candidate for a second term as director-general. Following the nomination period closure on November 8, the WTO’s General Council Chair, Ambassador Petter Ølberg of Norway, notified members that no othe...
By Olivia Ambrose, JKNewsMedia Intern, Edo State EDO STATE’s newly inaugurated Governor, Senator Monday Okpebholor, has been called upon by President Bola Tinubu to make substantial strides in improving living standards and governance within the state. Following Okpebholor’s electoral victory in the September 21, 2024, governorship race,...
By Jemimah Wellington, JKNewsMedia Reporter THE MEMORY of Ken Saro-Wiwa and eight other leaders who fought for the rights of Ogoni people to a safe environment free from harmful oil exploration has been honoured by President Bola Tinubu. The president, acknowledging the sacrifices of these martyrs, expressed his solidarity with the National Yo...
By Jemimah Wellington, JKNewsMedia Reporter DRUG TRAFICKING syndicates operating across Nigeria and Cameroon suffered a major blow as operatives of the National Drug Law Enforcement Agency (NDLEA) dismantled their networks, seizing cocaine and opioids worth billions of naira. NDLEA arrested six prominent figures tied to cartels supplying psych...
By Channels Television An analysis of data from the public debt reports released by the Debt Management Office, said the rise was 14.57 per cent higher than the N10.01tn recorded in December 2023. THE TOTAL debts of the 36 states in Nigeria rose to N11.47tn as of June 30, 2024, despite allocations by the Federal […]
By Jemimah Wellington, JKNewsMedia Reporter IN RESPONSE to recent critiques, the Federal Government has defended its economic reform agenda, with Special Adviser to the President on Information & Strategy, Bayo Onanuga, highlighting substantial achievements in revenue generation, reduction of fiscal waste, and direct social interventions. ...
