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...
By JKNewsMedia YOUR DARLING virtual news platform, JKNewsMedia has officially released its advertising rate card for 2026, offering brands and organisations the opportunity to reach a fast-growing and highly engaged audience. Partner with us to amplify your message, strengthen visibility, and connect meaningfully with our readers across multip...
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...
By JKNewsMedia Reporter CUSTOMERS HAVE been alerted by the management of the Guaranty Trust Bank (GTB) to changes in the application of stamp duty under the Nigeria Tax Act 2025, which took effect on January 1, 2026. GTbank said the N50 stamp duty on electronic transfers of N10,000 or more will now be paid by […]
By Jemimah Wellington, JKNewsMedia Correspondent PUBLIC DISCUSSION around a Memorandum of Understanding (MoU) signed between Nigeria and France has drawn an official response from the Federal Inland Revenue Service (FIRS), which says the agreement does not compromise national sovereignty or taxpayer data. Concerns raised in recent reports and...
By Ajibola Olaide, JKNewsMedia Reporter RISING LOAN approvals, ongoing negotiations and phased disbursements across multiple sectors are set to push World Bank lending to Nigeria to $9.65 billion between 2023 and 2025 by the end of this year. The projected figure covers loans from the International Bank for Reconstruction and Development (IBR...
