By Joke Kujenya A significant drop in Nigeria’s inflation rate was recorded in January 2025, falling to 24.48% from 34.80% in December 2024, the newly released Consumer Price Index (CPI) report has shown. This shift follows the rebasing of the CPI, which aims to align Nigeria’s inflation data with global standards. Prince Adeyemi Adeniran, th...
By Jemimah Wellington, JKNewsMedia Reporter A 28.2% decline in Nigeria’s company income tax (CIT) revenue marked the third quarter of 2024, with total collections dropping to N1.77 trillion from N2.47 trillion in the preceding quarter, according to the National Bureau of Statistics (NBS). The CIT, levied on profits of both local and foreign co...
By Joke Kujenya IN ITS March 2024 report signaling a significant boost to its development endeavours, Akwa Ibom State has received an unprecedented allocation in the latest disbursement of funds. This was revealed by the National Bureau of Statistics in its June 2024 report on the NBS X handle, as retrieved by jknewsmedia.com. With a […...
By Joke Kujenya NIGERIA faces an escalating food crisis that threatens both its populace’s well-being and the nation’s stability. The persistent surge in food prices, now marking its 15th consecutive rise, sends ripples of concern through communities already entrenched in uncertainty. Recent statistics from the National Bureau of Statistics re...
