By Jemimah Wellington, JKNewsMedia Reporter THE FEDERAL Executive Council (FEC) has approved the renaming of the University of Abuja to Yakubu Gowon University in honour of the former Nigerian military head of state. Minister of Information and National Orientation, Mohammed Idris, disclosed this after the council’s final 2024 meeting held at ...
THE NATIONAL Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 34.60% in November 2024, up from 33.88% recorded in October. This 0.72% increase marks a concerning upward trend, with inflation now 6.40% higher than the 28.20% recorded in November 2023. The NBS Consumer Price Index (CPI) report highlighted a sharp r...
By Jemimah Wellington, JKNewsMedia Reporter A MAJOR international fraud ring has been dismantled in Lagos following the arrest of 193 suspects, including 148 Chinese nationals, 40 Filipinos, and others from Kazakhstan, Pakistan, and Indonesia. The Economic and Financial Crimes Commission (EFCC) carried out the operation on Tuesday, December 10...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s ENERGY sector is set to achieve a landmark milestone as Shell and its partners approved a $5 billion investment in the Bonga North Deep Offshore Field. This project, Nigeria’s first deepwater oil development in over a decade, is expected to produce an estimated 350 million barrels of crude ...
By Jemimah Wellington, JKNewsMedia Reporter MULTI-BILLION-naira shipments of Methamphetamine and Loud, a potent synthetic strain of cannabis, destined for distribution during the Christmas and New Year festivities, have been intercepted by operatives of the National Drug Law Enforcement Agency (NDLEA) at the Tincan Seaport, Lagos. The seizure,...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA IS seeking approval for a $500 million loan from the World Bank to improve rural access to essential services and agricultural markets. The loan, under the Rural Access and Agricultural Marketing Project–Scale Up (RAAMP-SU), aims to enhance infrastructure in rural areas, linking communities t...
By Jemimah Wellington, JKNewsMedia Reporter THE NEWLY installed e-gates at five international airports across Nigeria have flagged and led to the arrest of at least ten individuals classified as persons of interest. The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this during an interview on Channels Television’s Politics Today. A...
By Jemimah Wellington, JKNewsMedia Reporter THE NATIONAL Agency for Food and Drug Administration and Control (NAFDAC) has launched an investigation into reports of suspected substandard Deekins Amoxycillin 500mg capsules. Manufactured by Ecomed Pharma Ltd and marketed by Devine Kings Pharmaceutical Ltd, the batch in question, 4C639001, has bee...
By Jemimah Wellington, JKNewsMedia Reporter THE FEDERAL Government has unveiled plans to present the 2025 budget, valued at N47.9 trillion, to the National Assembly. President Bola Tinubu will deliver the appropriation bill to a joint session on Tuesday, December 17, 2024. Senate President Godswill Akpabio confirmed the announcement during ple...
By JKNewsMedia NIGERIA’s ECONOMIC narrative has sparked fresh debate following the National Bureau of Statistics’ (NBS) latest unemployment and GDP figures. The Independent Media and Policy Initiative (IMPI), a policy think tank, has defended the credibility of these reports, countering claims by critics who dismissed the data as unreali...
