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...
By Jemimah Wellington, JKNewsMedia Correspondent STRONGER ECONOMIC integration focusing on Africa’s growth and prosperity was advocated as Nigeria’s government, diplomatic and business delegation, led by President Bola Tinubu, attended the Africa Forward Summit (AFS) at the Kenyatta Convention Centre in Nairobi, Kenya. JKNewsMedia.com reports...
By JKNewsMedia PROFIT AFTER tax at Nigerian National Petroleum Company (NNPC) Limited rose to N276 billion in March 2026, reflecting a 102.9 percent increase from the N136 billion recorded in February, as detailed in the company’s Monthly Report Summary. JKNewsMedia.com reports that the national oil firm disclosed that statutory payments betw...
