By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s PETROL cost stands about 50 percent lower than the global average, with the Federal Government crediting the outcome to the economic reforms of President Bola Tinubu’s administration. JKNewsMedia.com reports that the Executive Chairman, Nigeria Revenue Service (NRS) Zacch Adedeji, sai...
By Joke Kujenya STRONG LIVING standards across income, healthcare and affordability have shaped a new 2026 ranking of African countries, with Namibia placing first with a Quality-of-Life Index of 156.98. JKNewsMedia.com reports that the ranking shows a mix of Southern, North and East African countries offering relatively strong conditions acr...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s EXTERNAL reserves rose to about $49bn as of February 5, 2026, Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso told members of the National Economic Council Conference (NECC) in Abuja, describing the figure as a signal of improved confidence in the country’s economy. JKNe...
By JKNewsMedia DEFEAT OF terrorism and banditry formed the centrepiece of President Bola Tinubu’s address on Monday as he declared the threats unacceptable and foreign to Nigeria’s values. JKNewsMedia.com reports that declaring open the Second National Economic Council Conference (SNECC) at the State House Conference Centre, Abuja, the Presid...
By Jemimah Wellington, JKNewsMedia Correspondent PLANS TO raise more than $500m in foreign direct investment into Nigeria have been outlined by the board and management of the World International Economic Group Nigeria (WIEGN). JKNewsMedia.com reports that Bassey Essien, a member of the group, disclosed this on Friday while addressing a press...
By JKNewsMedia Reporter STEADY TRADING marked the opening of February as the Nigerian naira maintained its position within the N1,390 range in the official market amid signs of sustained liquidity in the foreign exchange market. JKNewsMedia.com reports that the currency began the first trading week of February 2026 on firm footing as business...
By Joke Kujenya NIGERIA WELCOMED back President Bola Tinubu on Saturday evening following his participation in the 2026 Abu Dhabi Sustainability Week, attended alongside members of the Federal Executive Council (FEC). His visit featured the signing of a Comprehensive Economic Partnership Agreement (CEPA) between Nigeria and the United Arab Em...
By Ajibola Olaide, JKNewsMedia Reporter ISSUANCE OF guidelines for the implementation of Nigeria’s new tax laws has been halted by the Federal Government due to uncertainty over the final version of the legislation. Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, disclosed that he instructed the Nigeria Revenue Service (NRS)...
By Jemimah Wellington, JKNewsMedia Correspondent AN ESTIMATED N187bn revenue loss has been recorded in Nigeria’s power sector following an increase in unbilled electricity supply, industry data show. The data indicate that a significant portion of electricity generated and distributed during the period was not billed to end users. Industry fig...
By JKNewsMedia Reporter TRADING OPENED in 2026 with a modest lift for the naira at the official foreign exchange market, where the currency exchanged at N1,430.84 to the dollar on Friday, reflecting a gain of N4.31 kobo or 0.34 percent from the N1,435.75/$ level recorded on December 31, 2025. Data from the Nigerian foreign exchange […]...
