By Esther Olaifa, JKNewsMedia Reporter AMID RECORD-breaking demand for machinery in the beverage and liquid food industry, Nigeria is emerging as a key battleground for global suppliers, with shifting trade dynamics and economic challenges shaping the market’s trajectory. At a press conference in Lagos ahead of Drinktec 2025 dubbed the world’s...
By Jemimah Wellington, JKNewsMedia Reporter THE HEADLINE inflation rate in Nigeria eased to 23.18% in February 2025, marking a 1.30% decline from the 24.48% recorded in January, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The report highlights a significant downward ...
By Jemimah Wellington, JKNewsMedia Reporter BETWEEN JANUARY 2024 and February 2025, Nigeria’s foreign debt service payments totalled approximately $5.47 billion, placing further strain on the country’s revenue and external reserves. The debt servicing pattern exhibited significant volatility during this period, reflecting ongoing fiscal press...
By Jemimah Wellington, JKNewsMedia Reporter IN A decisive blow to drug trafficking networks, four notorious drug kingpins have been sentenced to a total of 95 years in prison by the Federal High Courts in Lagos and Yola, Adamawa State. The convicts—Ogbuji Christian Ifeanyi, Iloduba Augustine Chinonye, Shuaibu Nuhu Isa (a.k.a Don), and Zidon Z...
By Jemimah Wellington, JKNewsMedia Reporter JULIUS BERGER Nigeria Plc is accelerating its regional expansion, strengthening its footprint in West Africa’s construction industry amid growing economic opportunities. At the recent Choiseul Africa Summit in Cotonou, Benin Republic, the company positioned itself at the centre of high-level discuss...
By JKNewsMedia NIGERIA’s FINANCIAL landscape is undergoing a major transformation as the federal government prioritises policies aimed at strengthening banking institutions to compete on a global scale. President Bola Ahmed Tinubu has emphasised that his administration is dedicated to fostering a sustainable and globally competitive environme...
By Jemimah Wellington, JKNewsMedia Reporter  THE MINISTER of Power, Adebayo Adelabu, announced during the public presentation of the National Integrated Electricity Policy (NIEP) and Nigeria Integrated Resource Plan (NIRP) in Abuja that the federal government is reviewing Nigeria’s electricity tariff system to address significant disparities ...
By Jemimah Wellington, JKNewsMedia Reporter AMID RISING concerns over recurring price hikes, the Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria, the operator of DStv and GOtv, to suspend any subscription price increases until an ongoing investigation into its proposed tariff adjustment is concl...
By Ajibola Olaide, JKNewsMedia Reporter ECONOMIC GROWTH in 2024 surpassed expectations, reinforcing the impact of reforms initiated by President Bola Ahmed Tinubu on 29 May 2023. The Independent Media and Policy Initiative (IMPI) disclosed this in a statement issued by its Chairman, Dr. Omoniyi M. Akinsiju. At 3.40 per cent for the full year,...
By Jemimah Wellington, JKNewsMedia Reporter THE OPERATOR of DStv and GOtv, MultiChoice Nigeria, faces backlash over another subscription fee hike, sparking concerns among consumers. Towards this end, the Federal Competition and Consumer Protection Commission (FCCPC) has summoned the company to justify the latest increase, which takes effect o...
