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...
By Ajibola Olaide, JKNewsMedia Reporter FEDERAL ACCOUNT Allocation Committee (FAAC) shared a total of N2.55 trillion among the Federal Government (FG), states and local government councils for June following its July meeting held in Abuja on Wednesday. JKNewsMedia.com reports that the allocation was announced in a statement by Bawa Mokwa, Dir...
By JKNewsMedia NIGERIA’S ECONOMY has recorded foundational progress through ongoing fiscal, revenue and tax reforms, President Bola Tinubu told a Deloitte Africa delegation at the State House in Abuja on Wednesday. JKNewsMedia.com reports that Tinubu, who received the delegation led by Chief Executive Officer Ruwayda Redfearn, said the reform...
By Ajibola Olaide, JKNewsMedia Reporter NIGERIA’s DOWNSTREAM petroleum market is facing fresh pressure after Dangote Petroleum Refinery switched sales of refined petroleum products from naira to the United States (US) dollar, a move expected to require petroleum marketers to source about $1.84bn every month to sustain fuel supply across the c...
By JKNewsMedia NIGERIA’s CURRENCY, the naira, remained stable at N1,379.6504 to the dollar at the official foreign exchange market on Monday. JKNewsMedia.com reports that the currency has maintained the same rate since the market’s last auction on Friday. Dealers quoted bid rates ranging between N1,378 and N1,382 to the dollar dur...
