By Babafemi Ojudu FOR THE past two weeks, I have been inundated with stories of empty hotels, deserted lounges, quiet supermarkets, and struggling businesses across Ekiti State, particularly in Ado Ekiti, the state capital. “Could this be real?” has been the question I asked myself. The explanation was simple, everyone said. The E...
By JKNewsMedia NIGERIA’s CURRENCY, the naira, remained stable at N1,379.6504 to the dollar at the official foreign exchange market on Monday. JKNewsMedia.com reports that the currency has maintained the same rate since the market’s last auction on Friday. Dealers quoted bid rates ranging between N1,378 and N1,382 to the dollar dur...
By Joke Kujenya  SINCE YESTERDAY, few public remarks have exposed Nigeria’s economic anxieties as sharply as First Lady Oluremi Tinubu’s comments that small grants can help women build livelihoods by frying akara, roasting corn or producing kuli-kuli. The backlash was immediate. To many Nigerians battling rising living costs, the ...
By Ajibola Olaide, JKNewsMedia Reporter FEDERAL GOVERNMENT has dismissed reports suggesting it has adopted or is considering new taxes on telecommunications services and petroleum products following the release of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. JKNewsMedia.com reports that the clarification fo...
By Kofoworola Fakeye, JKNewsMedia Reporter FEDERAL GOVERNMENT has unveiled a nationwide digital postcode system aimed at strengthening national security, reducing fraud, improving emergency response, and boosting e-commerce. JKNewsMedia.com reports that the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, disclosed t...
By Kofoworola Fakeye THE FEDERAL Ministry of Finance has approved payments to more than 1,240 contractors, providing immediate liquidity support to businesses across the country and reinforcing the Federal Government’s commitment to meeting its financial obligations. JKNewsMedia.com reports that the approval was granted by the Minister ...
By Kofoworola Fakeye, JKNewsMedia Reporter MAXIMUM REINMBURSABLE imprest available to ministers has been reduced to N700,000 as the Federal Government (FG) introduces stricter controls on public spending across Ministries, Departments and Agencies. JKNewsMedia.com reports that the measures are contained in the 2026 Annual General Imprest Warra...
By JKNewsMedia NIGERIA’s SPENDING on imported food declined in 2025 as new figures from the Central Bank of Nigeria (CBN) fourth quarter 2025 statistical bulletin showed a reduction in food import expenditure even as total imports rose sharply. JKNewsMedia.com reports that food import spending fell to $2.34 billion in 2025 from $2.53 billion ...
By Kofoworola Fakeye, JKNewsMedia Reporter MAJOR FOOD staple prices recorded significant year on year declines, according to the National Bureau of Statistics (NBS) Selected Food Price Watch report, reflecting lower costs compared to the record high levels of the previous year and providing much needed relief. JKNewsMedia.com reports that the...
By Kofoworola Fakeye, JKNewsMedia Correspondent ECONOMIC REFORMS, infrastructure development and social intervention programmes formed the centrepiece of President Bola Tinubu’s address marking the third anniversary of his administration. JKNewsMedia.com reports that speaking to Nigerians, Tinubu said his government inherited significan...
