By JKNewsMedia Reporter  THE NIGERIAN naira extended gains against the United States (US) dollar in early trading on Thursday, February 5, 2026, building on momentum recorded since the start of the week. The local currency strengthened further in the official market, buoyed by strong liquidity conditions. JKNewsMedia.com reports that at the N...
By Jemimah Wellington, JKNewsMedia Correspondent CRUDE OIL production received renewed focus as authorities urged international and indigenous operators to move beyond pledges, targeting 2.5 million barrels per day by 2027. The call comes after average daily production in 2025 reached just 1.6 million barrels, falling short of the budget benc...
By JKNewsMedia Reporter STEADY TRADING marked the opening of February as the Nigerian naira maintained its position within the N1,390 range in the official market amid signs of sustained liquidity in the foreign exchange market. JKNewsMedia.com reports that the currency began the first trading week of February 2026 on firm footing as business...
By Jemimah Wellington, JKNewsMedia Correspondent CAPITAL FUNDING of N881.13m has been earmarked for the Nigerian Export Promotion Council (NEPC) in the 2026 Appropriation Bill to support the consolidation of Nigeria’s non-oil export performance. JKNewsMedia.com reports that the allocation follows non-oil export earnings of $6.1bn in 2025, des...
By JKNewsMedia Reporter GAS SUPPLY CONTRACTS have been strengthened by three Dangote Group subsidiaries with Nigerian National Petroleum Company Limited (NNPCL) units to support expansion plans, the companies said on Monday, aligning the agreements with Nigeria’s shift toward cleaner energy and industrial growth. JKNewsMedia.com reports that b...
By Ajibola Olaide, JKNewsMedia Reporter INFLATION ROSE to 15.15 percent in December 2025 from 14.45 percent in November, the National Bureau of Statistics (NBS) reported on Thursday. It says the Consumer Price Index (CPI) reached 131.2, up 0.7 points from 130.5, marking a month-on-month increase of 0.7 percent. Food inflation, however, eased ...
By Jemimah Wellington, JKNewsMedia Correspondent A NEW 7.5 percent Value Added Tax (VAT) will be applied to bank transfers and Unstructured Supplementary Service Data transactions, following notices issued to customers by Nigerian banks including Moniepoint. The customer notice, obtained on Wednesday said the VAT charge will take effect from ...
By Jemimah Wellington, JKNewsMedia Correspondent ECONOMIC REFORMS are set to lift Nigeria’s growth rate to 4.4 percent in 2026 and 2027, driven by new tax laws, prudent monetary policies, and other measures, the World Bank (WB) has said. The bank disclosed this projection in its Global Economic Prospect (GEP)report released in January 2026. I...
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By Jemimah Wellington, JKNewsMedia Correspondent THE NIGERIAN Exchange (NGX) has crossed the N100 trillion market capitalisation milestone, prompting President Bola Tinubu to commend corporate Nigeria, citizens, and capital market stakeholders for the achievement. President Tinubu described the record as an inspiration for investors operating...
