Kofoworola Fakeye, JKNewsMedia Reporter OIL PRODUCTION climbed to an 11-month high in May 2026 in Nigeria, with output surpassing its Organisation of the Petroleum Exporting Countries (OPEC) production quota. JKNewsMedia.com reports that the country recorded an average crude oil production of 1,530,354 barrels per day (bpd) and 170,446bpd of ...
By JKNewsMedia LONG TERM value creation, financial resilience and disciplined growth remained at the centre of discussions as Access Holdings Plc assured shareholders that its strategic focus remains firmly on building a stronger and more sustainable institution despite a challenging operating environment. JKNewsMedia.com reports that speakin...
By JKNewsMedia NIGERIA’s SPENDING on imported food declined in 2025 as new figures from the Central Bank of Nigeria (CBN) fourth quarter 2025 statistical bulletin showed a reduction in food import expenditure even as total imports rose sharply. JKNewsMedia.com reports that food import spending fell to $2.34 billion in 2025 from $2.53 billion ...
By Kofoworola Fakeye, JKNewsMedia Reporter MAJOR FOOD staple prices recorded significant year on year declines, according to the National Bureau of Statistics (NBS) Selected Food Price Watch report, reflecting lower costs compared to the record high levels of the previous year and providing much needed relief. JKNewsMedia.com reports that the...
By Ajibola Olaide, JKNewsMedia Reporter FRESH BORROWINGS by the Federal Government of Nigeria rose to N11.89 trillion in the first nine months of 2025, while spending on capital projects stood at N3.10 trillion during the same period, according to the 2025 Third Quarter Budget Implementation Report (BIR) released by the Budget Office of the F...
By Kofoworola Fakeye, JKNewsMedia Reporter GROSS DOMESTIC Product (GDP) growth rate in Nigeria slowed to 3.89 percent year-on-year in real terms in first quarter 2026 as the National Bureau of Statistics (NBS) released its latest GDP report on Monday. JKNewsMedia.com reports that NBS notes the figure marks a decline from 4.07 percent recorded...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s PUSH for a proposed $1.25bn World Bank (WB)loan to support economic reforms, job creation, and competitiveness has reached a critical stage in the lender’s approval process. JKNewsMedia.com reports that the proposed facility, titled “Nigeria Actions for Investment and Jobs Accel...
By Ajibola Olaide, JKNewsMedia Reporter TRANSFER OF leadership at Nigeria’s Finance Ministry has been completed following a formal handover from the immediate past minister, Wale Edun to Taiwo Oyedele, with the process confirmed in an official statement. JKNewsMedia.com reports that the transition took place on Thursday evening and was disclo...
By Jemimah Wellington, JKNewsMedia Correspondent ADJUSTMENT OF bank charges has been introduced with an increase in the fee for issuing or replacing debit and credit cards from N1000 to N1500 under a revised framework by the Central Bank of Nigeria (CBN). JKNewsMedia.com reports that the change forms part of a circular released on Thursday ti...
By Jemimah Wellington, JKNewsMedia Correspondent APPROVAL FOR a $516,333,007 foreign loan has been requested from the National Assembly by President Bola Tinubu to support sections of the Sokoto Badagry superhighway project. JKNewsMedia.com reports that the request was conveyed in a letter addressed to Senate President Godswill Akpabio and r...
