By Ajibola Olaide, JKNewsMedia Reporter FRESH SCRUTINY has emerged over Nigeria’s social protection spending after the Auditor-General for the Federation said the disbursement of N33.751 billion to more than 3.29 million households in 2023 could not be verified against genuine beneficiaries. JKNewsMedia.com reports that the concerns were cont...
By Ajibola Olaide, JKNewsMedia Reporter CARGO THROUGHPUT rose by 12.3 per cent to 35.7 million metric tonnes across Nigerian ports in the second quarter of 2026, reflecting increased cargo movement, vessel traffic and container activity. JKNewsMedia.com reports that Dr Abubakar Dantsoho, Managing Director of the Nigerian Ports Authority (NPA)...
By JKNewsMedia MERCHANDIESE FOREIGN trade surged to N41,444.89 billion in the second quarter of 2026, up from N34,788.59 billion recorded in the first quarter, the National Bureau of Statistics (NBS) reported. JKNewsMedia.com reports that the latest figure reflects an increase in the value of goods traded between Nigeria and the rest of the w...
By Ajibola Olaide, JKNewsMedia Reporter REAL GROSS Domestic Product (GDP) growth climbed to 4.43% year on year in the second quarter of 2026, accelerating from the 3.89% recorded in the previous quarter, the National Bureau of Statistics (NBS) reported on Monday. JKNewsMedia.com reports that the latest performance reflected faster growth acro...
By JKNewsMedia Business INVESTORS PUSHED down borrowing costs for the Federal Government at Monday’s bond auction, where the Debt Management Office (DBO) allotted N805.16 billion across three Federal Government of Nigeria (FGN) bond maturities amid bids totalling N1.73 trillion. JKNewsMedia.com reports that the auction covered reopened 22.60 ...
By Ajibola Olaide, JKNewsMedia Reporter PRESIDENT BOLA Tinubu said growing positive reviews of Nigeria’s economy by experts and favourable economic indicators signal a brighter future for the country and citizens. JKNewsMeida.com reports that Tinubu spoke on Thursday in Abuja when he received the Board and Management of the Nigerian Exchange ...
By Helen Oji, The Guardian FOUR OIL and gas companies have strengthened the sector’s position as a key driver of the capital market, posting a combined profit after tax (PAT) of more than N305 billion in the first half (H1) of 2026, an increase of 185.2 per cent from N106.97 billion recorded in the corresponding […]
By Ajibola Olaide, JKNewsMedia Reporter HIGH INTEREST rates pushed outstanding consumer credit down by 19.89 per cent to N3.78 trillion in 2025, marking the first annual decline in six years, according to the Central Bank of Nigeria (CBN). JKNewsMedia.com reports that the apex bank disclosed this in its 2025 Annual Report and Statement of Acc...
By Ajibola Olaide, JKNewsMedia Reporter NIGERIA’s AVERAGE domestic natural gas supply rose to 2.05billion cubic feet per day in the first half of 2026 as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) unveiled a proposed Gas Swap Framework (GSF) to address supply gaps and improve compliance with Domestic Gas Delivery Obli...
By Ajibola Olaide, JKNewsMedia Reporter BENCHMARK INTEREST rate will remain at 26.5 per cent after the Central Bank of Nigeria (CBN) retained the Monetary Policy Rate (MPR) at the end of the 306th Monetary Policy Committee meeting in Abuja. JKNewsMedia.com reports that the decision was announced on Tuesday after the committee concluded its tw...
