By Jemimah Wellington, JKNewsMedia Correspondent HEADLINE INFLATION slowed in June as energy prices dipped and foreign exchange rates steadied, according to the Central Bank of Nigeria (CBN). The bank’s governor, Yemi Cardoso, announced the development on Tuesday while presenting the communiqué from the Monetary Policy Committee’s (MPC) 301st...
By JKNewsMedia GUARANTY TRUST Holding Company Plc has cemented its place in financial history by becoming the first West African financial institution to directly list its ordinary shares on the main market of the London Stock Exchange (LSE). The milestone follows the successful admission of its equity to the Official List of the UK’s Financi...
By Ajibola Olaide, JKNewsMedia Correspondent SHARP DECLINES in capital inflows marked the first quarter of 2025, as the Central Bank of Nigeria (CBN) reported a steep drop in both direct and portfolio investments. The contraction signalled growing investor caution and intensified external pressures, triggering widespread pullback across finan...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s TAX system is poised for a historic overhaul as four reform bills await presidential assent at a formal signing ceremony at the Presidential Villa in Abuja on Thursday. The Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenu...
By JKNewsMedia CONFIRMATION OF full compliance with the country’s new banking capital requirement emerged as Access Bank Plc declared it had exceeded the Central Bank of Nigeria (CBN)’s N500 billion minimum thresholds, making it the first commercial bank with international authorisation to do so. Responding to the CBN’s recent directive halti...
By Joke Kujenya OIL PRICES slipped in Asian trade after a sharp 4% rise in the previous session, as traders balanced potential supply shocks linked to Middle East tensions against uncertainty surrounding U.S. Federal Reserve monetary policy. Brent crude futures dropped by 35 cents, or 0.5%, to $76.10 per barrel by 0723 GMT, while U.S. [&hellip...
By Jemimah Wellington, JKNewsMedia Reporter HEADLINE INFLATION slowed to 22.97 per cent in May 2025, reflecting a 0.74 percentage point decline from the 23.71 per cent recorded in April, according to data released by the National Bureau of Statistics (NBS). Month-on-month, the inflation rate dipped to 1.53 per cent, lower than April’s 1.86 pe...
By Ajibola Olaide, JKNewsMedia Reporter GLOBAL OIL demand is expected to remain steady through 2026, with the Organisation of the Petroleum Exporting Countries (OPEC) reaffirming its growth projections in its latest monthly oil market report. The group said it anticipates a 2.9percent increase in 2025 and 3.1 per cent in 2026, with both years...
By JKNewsMedia A MAJOR leap in Nigeria’s energy infrastructure has emerged with Fidelity Bank Plc backing the country’s first privately built and operated onshore crude oil export terminal in over 50 years. Situated at the Otakikpo Marginal Field in Rivers State, the terminal is operated by Green Energy International Limited (GEIL). It record...
By JKNewsMedia ALLEGATIONS THAT ₦5 billion was paid to police to prevent the detention of Fidelity Bank’s Managing Director, Nneka Onyeali-Ikpe, have been dismissed as entirely false and deliberately misleading. The bank issued a strong rebuttal following a publication on Sahara Reporters that claimed MD Nneka Onyeali-Ikpe confessed to making...
