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...
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...
