By Jemimah Wellington, JKNewsMedia Correspondent THE BUDGET for the African Atlantic Gas Pipeline, a landmark infrastructure project linking Nigeria to Morocco, has surged beyond $25 billion, according to Morocco’s Minister of Energy Transition, Leila Benali. She said the transcontinental pipeline is set to deliver gas to around 400 million p...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s ELECTRICITY consumers face higher bills as the federal government prepares to implement a cost-reflective tariff regime aimed at phasing out blanket subsidies. The move, Minister of Power Adebayo Adelabu, says, is necessary to clear a ₦4 trillion debt owed to power generation compani...
By Jemimah Wellington, JKNewsMedia Correspondent MONTHLY FINANCIAL transactions exceeding ₦5 million in Nigerian bank accounts will be reported to the nation’s tax authorities beginning in 2026, following the implementation of the new Tax Reform Act. The National Orientation Agency (NOA) announced that this directive, outlined in Section 30 o...
By Ajibola Olaide, JKNewsMedia Reporter OPERATIVES OF the Economic and Financial Crimes Commission (EFCC) in Lagos have launched an investigation into Rajesh Kumar, who was apprehended at Murtala Muhammed International Airport, Ikeja, for allegedly failing to declare $29,000 in his possession. The suspect, bound for India, was intercepted by ...
By Jemimah Wellington, JKNewsMedia Correspondent FOREIGN NATIONALS involved in financial cybercrime across Nigeria are now serving jail terms in the country following a major crackdown by the Economic and Financial Crimes Commission (EFCC), which successfully prosecuted and secured convictions for 146 out of 194 individuals arrested. The anno...
By Jemimah Wellington, JKNewsMedia Correspondent THE FEDERAL Government has reaffirmed its resolve to transform the power sector into a sustainable, bankable ecosystem essential for economic growth. This came as it declared a total projected investment of $32.8billion for the Mission 300 Energy Compact, with $15.5billion expected from the priv...
By Ajibola Olaide, JKNewsMedia Reporter CANDIDATES SEEKING university admission in Nigeria with Joint Admissions and Matriculation Board (JAMB) scores between 140 and 180 can now apply for a wide selection of courses across science, arts, and commercial disciplines. This follows the decision by the to approve 150 as the minimum cut-off mark f...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s MOST sought-after tertiary institution for the 2025 academic session is Lagos State University (LASU), based on official data released by the Joint Admissions and Matriculation Board (JAMB) during its ongoing Policy Meeting in Abuja. The annual forum, which sets admission benchmarks a...
By Jemimah Wellington, JKNewsMedia Correspondent THE FEDERAL Government has denied reports circulating on social media alleging that Cameroonian authorities have released water from the Lagdo Dam, urging Nigerians to ignore the misinformation and rely solely on official updates. Clarifying the situation, the Permanent Secretary of the Federal...
By Jemimah Wellington, JKNewsMedia Correspondent THE NATIONAL benchmark for admission into Nigerian universities has been fixed at 150, following a resolution reached by stakeholders at the Joint Admissions and Matriculation Board’s (JAMB) annual policy meeting held in Abuja. The cut-off marks for other institutions include 140 for colleges o...
