By Helen Okechukwu, JKNewsMedia, Reporter The Inspector-General of Police, Kayode Egbetokun, has appointed Deputy Commissioner of Police Bayonle Sulaiman as the new Commanding Officer for the IGP Special Task Force on Petroleum and Illegal Bunkering (IGP-STFPIB). Police spokesperson Muyiwa Adejobi announced the appointment in a statement share...
By Joke Kujenya OPERATIVES OF the National Drug Law Enforcement Agency (NDLEA) intercepted a shipment of one million two hundred twenty-nine thousand four hundred bottles of codeine syrup. This latest seizure, made on Thursday, July 18, 2024, is valued at over N9.8 billion. This is also the fourth and final batch of containers that have [&hell...
By Jemimah Wellington, JKNMedia Reporter MEMBERS OF the House of Representatives announced the decision to slash their salaries by 50 percent for six months. This decision comes as a response to the economic challenges facing Nigerians. The resolution was passed during Thursday’s plenary session after adopting a motion of urgent public i...
By Joke Kujenya THE FEDERAL Government has approved a new minimum wage of ₦70,000 for Nigerian workers. This decision came after a meeting between President Bola Tinubu and leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) in Abuja on Thursday. Minister of Information Mohammed Idris announced the agreement, statin...
By Joke Kujenya PRESIDENT BOLA Tinubu has requested the Senate to amend the 2024 Appropriation Act and the 2023 Finance Act. He proposes increasing the budget by ₦6.2 trillion. This request was presented in a letter to Senate President Godswill Akpabio and read during Wednesday’s plenary. The President seeks to allocate ₦3.2 trillion for Renew...
By Joke Kujenya DIDI ESTHER WALSON-Jack has been appointed by President Bola Tinubu as the new Head of the Civil Service of the Federation. Her term begins on August 14, 2024. Walson-Jack will succeed Folasade Yemi-Esan, who retires on August 13, 2024. President Tinubu expressed gratitude to Yemi-Esan for her service. He emphasized the importa...
By Helen Okechukwu, JKNMedia Reporter THE NATIONAL Assembly has expressed its backing for the Nigerian National Petroleum Corporation (NNPC) in boosting oil production and tackling oil theft. This announcement followed the Assembly’s Joint Committee on Petroleum Resources (Upstream) visit to the NNPC Upstream Investment Management Servic...
By Jemimah Wellington, JKNMedia Reporter THE INTERNATIONAL Monetary Fund (IMF) has revised its forecast for Nigeria’s economic growth in 2024, lowering it to 3.1 percent. The reduction follows weaker-than-expected growth in the first quarter of the year. In its July 2024 World Economic Outlook (WEO), released on Tuesday, the IMF attribut...
By Joke Kujenya THE GLOBAL economy is projected to grow by 3.2% in 2024, maintaining the forecast from the April 2024 World Economic Outlook (WEO) report. JKNewsMedia reports that the growth rate is expected to slightly increase to 3.3% in 2025. This stability comes despite initial year activities narrowing the output divergence among various ...
By Joke Kujenya PRESIDENT OF the African Development Bank (AfDB), Dr. Akinwumi Adesina, has criticized Nigeria’s decision to permit extensive food importation. He warns this policy risks undermining the country’s agricultural sector. Adesina voiced his concerns following the announcement by Nigeria’s Minister for Agriculture, Abuba...
