By Ajibola Olaide, JKNewsMedia Reporter FRESH PRICING shifts have emerged in Nigeria’s downstream oil sector as Dangote Petroleum Refinery & Petrochemicals (DRP) announced a reduction in its petrol loading cost, signalling potential relief across the fuel distribution chain. JKNewsMedia.com reports that the refinery slashed its ex-gantry ...
By Bunmi Aduloju, TheCable PETROL PRICES in Nigeria have further risen to record levels, stoking fears of inflation as the conflict in the Middle East rages on. On Monday, TheCable observed a broad-based uptick in petrol prices, with increases of up to N100 per litre in several areas. In Lagos, prices at MRS filling stations […]
By Jemimah Wellington, JKNewsMedia Correspondent EFFORTS TO reduce inflation to a single digit range have been outlined by the Central Bank of Nigeria (CBN) as part of a medium-term objective tied to a transition toward an inflation targeting monetary policy framework. JKNewsMedia.com reports that the position was disclosed in a statement iss...
By Salient Times Online ….20states fail to disclose any council financial records despite ongoing allocations …Ekiti, Cross River emerge as benchmarks for grassroots accountability A CIVIC technology organisation, BudgIT, has raised fresh concerns over transparency in Nigeria’s local government system, revea ling that only 10 states currently...
By Joke Kujenya FRESH AMENDMENTS to the Bank Verification Number (BVN) framework will take effect from 1st May 2026, introducing new rules that affect users of the Nigerian banking system both locally and in the diaspora. JKNewsMedia.com reports that the Central Bank of Nigeria (CBN) in a circulated statement and signed by its governor, Olaye...
By Jemimah Wellington, JKNewsMedia Correspondent INTEREST RATES have been reduced by 50 basis points to 26.50 percent from 27 percent after the Monetary Policy Committee of the Central Bank of Nigeria (CBN) voted unanimously at its 304th meeting in Abuja. JKNewsMedia.com reports that CBN Governor Olayemi Cardoso announced the decision at a ne...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s EXTERNAL reserves rose to about $49bn as of February 5, 2026, Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso told members of the National Economic Council Conference (NECC) in Abuja, describing the figure as a signal of improved confidence in the country’s economy. JKNe...
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...
