By JKNewsMedia INVESTOR CONFIDENCE faltered sharply this week as the Nigerian stock market suffered heavy losses, with investors wiping out N858 billion in just two trading sessions on the Nigerian Exchange Limited (NGX). The downturn reflected a storm of geopolitical tension, domestic policy uncertainty, and weakening sentiment, following re...
By Jemimah Wellington, THE NAIRA gained marginal strength against the United States (US) dollar as official figures from the Central Bank of Nigeria (CBN) confirmed an appreciation in value across the foreign exchange market. According to the official trading data released by the CBN on its forex trading portal, the naira closed at N1,421.73 ...
By JKNewsMedia EXPANDING BUSINESS opportunities and strengthening regional commerce took centre stage as Polaris Bank reaffirmed its commitment to small and medium-scale enterprises (SMEs) through the commissioning of the new Everyday Supermarket store in Yenagoa, Bayelsa State. The initiative marks another stride in the bank’s drive to promo...
By Ajibola Olaide, JKNewsMedia Reporter STRATEGIC REFORMS within Nigeria’s power sector have gathered new momentum as the Federal Government (FG) intensifies efforts to deliver stable and reliable electricity supply across industrial clusters and households nationwide. Minister of Power, Adebayo Adelabu, stated that the current reforms under ...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s PRESIDENT Bola Tinubu has reaffirmed that his administration’s N200 billion intervention funds for micro, small, and medium enterprises (MSMEs) and manufacturers was designed to restore competitiveness, deepen productivity, and ease structural bottlenecks confronting Nigerian bu...
By Helen Okechukwu, JKNewsMedia THE NIGERIAN Guild of Editors (NGE) has raised alarm over the growing hardship confronting citizens, citing the strain of economic reforms, persistent insecurity, the crisis in education, and increasing threats to press freedom. In a communiqué released at the end of its Standing Committee Meeting in Owerri, Im...
By Jemimah Wellington, JKNewsMedia Correspondent THE NATIONAL Single Window (NSW) Steering Committee has been instructed by President Bola Tinubu to ensure that the digital trade facilitation platform becomes fully operational by the first quarter of 2026. The directive was conveyed during the committee’s fifth meeting at the State House, Abu...
By Jemimah Wellington, JKNewsMedia Correspondent MAJOR STATISTICAL recalibration has reshaped the economic outlook following the release of the rebased Gross Domestic Product (GDP) figures by the National Bureau of Statistics (NBS), with 2019 adopted as the new base year. The revised data puts the nominal GDP for that year at ₦205.09 trillion...
By Jemimah Wellington, JKNewsMedia Reporter TOTAL DISBURSEMENT from April 2025 revenue reached ₦1.681 trillion as the Federation Account Allocation Committee (FAAC) distributed funds across all tiers of government. FAAC, chaired by Finance Minister and Coordinating Minister of the Economy, Wale Edun, disclosed that the sum was distributed fro...
By Ajibola Olaide, JKNewsMedia Reporter THE FEDERATION Account Allocation Committee (FAAC) disbursed N1.578 trillion to Nigeria’s federal, state, and local governments as revenue for March 2025, drawn from a gross pool of N2.411 trillion. The allocations, agreed during FAAC’s April 2025 meeting in Abuja and chaired by Minister of Finance and ...
