By Ajibola Olaide, JKNewsMedia Reporter THE 2026 Global Multidimensional Poverty Index has exposed a sharp reversal in poverty reduction, with 17.9 million additional people in Nigeria falling into multidimensional poverty between 2021 and 2024, the largest increase recorded globally among countries with comparable data. JKNewsMedia.com repor...
By JKNewsMedia PROFIT AFTER tax climbed by 33 per cent to N7.2 trillion in the Nigerian National Petroleum Corporation Limited (NNPCL)’s 2025 financial year performance, alongside N34.5 trillion in revenue and N5.8 trillion in dividends, compared with N5.4 trillion in profit after tax in 2024. JKNewsMedia.com reports that the NNPC Group Chief ...
By Helen Okechukwu, JKNewsMedia Reporter NIGERIA’s ECONOMIC growth outlook has improved slightly for 2026, but rising food and energy prices threaten to deepen poverty and food insecurity, the International Monetary Fund (IMF) has warned. JKNewsMedia.com reports that the Fund raised its growth forecast for Nigeria to 4.2 per cent from 4.1 per...
By Ajibola Olaide, JKNewsMedia NIGERIA’s DRIVE to attract fresh investment into the power sector is focusing on faster electricity metering, reliable gas supply and the rehabilitation of existing plants to improve power delivery and strengthen revenue collection. JKNewsMedia.com reports that Power Minister, Joseph Tegbe, outlined the strategy...
By Ajibola Olaide, JKNewsMedia Reporter FOREIGN EXCHANGE reserves reached $55.25 billion in September, extending a steady rise that has pushed the country’s external buffer to its strongest level in 18 years, the Central Bank of Nigeria (CBN) has disclosed. JKNewsMedia.com reports that the CBN said the latest figure in its foreign reserves...
By JKNewsMedia CUSTOMERS LOOKING to upgrade their smartphones, tablets and connected devices can access a range of promotional offers from Gloworld, with selected products carrying additional data, accessories and other Glo benefits. JKNewsMedia.com reports that the company said the offers cover the Redmi 17, selected Samsung Galaxy Tab model...
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...
