By Helen Okechukwu, JKNewsMedia Reporter NIGERIA’s ECONOMIC growth outlook has improved slightly for 2026, but rising food and energy prices threaten to deepen poverty and food insecurity, the International Monetary Fund (IMF) has warned. JKNewsMedia.com reports that the Fund raised its growth forecast for Nigeria to 4.2 per cent from 4.1 per...
By Ajibola Olaide, JKNewsMedia Reporter THE FEDERAL Government has disclosed it plans to raise revenue to 18.7 per cent of Gross Domestic Product (GDP) and reduce its debt-service-to-revenue ratio to 21.01 per cent by 2030 as part of efforts to secure an investment-grade sovereign credit rating. JKNewsMedia.com reports that the Minister of St...
By JKNewsMedia SUSTAINING ITS operations and responsible business practices in the country, Japan Tobacco International (JTI) Nigeria has reaffirmed its long-term commitment to the country’s economic growth and development. JKNewsMedia.com reeports that the company, in a statement, said its 18 years of business operations in Nigeria reflected...
By JKNewsMedia MERCHANDIESE FOREIGN trade surged to N41,444.89 billion in the second quarter of 2026, up from N34,788.59 billion recorded in the first quarter, the National Bureau of Statistics (NBS) reported. JKNewsMedia.com reports that the latest figure reflects an increase in the value of goods traded between Nigeria and the rest of the w...
By Ajibola Olaide, JKNewsMedia Reporter FRESH GROSS Domestic Product (GDP) figures showing 4.43 per cent growth in the second quarter of 2026 have drawn a positive response from President Bola Tinubu, who welcomed the performance and cited the progress recorded across major sectors. JKNewsMedia.com reports that the President described it as ex...
By Ajibola Olaide, JKNewsMedia Reporter REAL GROSS Domestic Product (GDP) growth climbed to 4.43% year on year in the second quarter of 2026, accelerating from the 3.89% recorded in the previous quarter, the National Bureau of Statistics (NBS) reported on Monday. JKNewsMedia.com reports that the latest performance reflected faster growth acro...
By JKNewsMedia NIGERIA’S ECONOMY has recorded foundational progress through ongoing fiscal, revenue and tax reforms, President Bola Tinubu told a Deloitte Africa delegation at the State House in Abuja on Wednesday. JKNewsMedia.com reports that Tinubu, who received the delegation led by Chief Executive Officer Ruwayda Redfearn, said the reform...
By Olaide Ajibola, JKNewsMedia Reporter HIGHER PRICES for essential goods will further aggravate poverty and food insecurity in Nigeria despite improved macroeconomic stability, the International Monetary Fund (IMF), has said while maintaining its growth forecast for the country at 4.1 percent in 2026 and 4.3 percent in 2027. JKNewsMedia.com ...
By Kofoworola Fakeye, JKNewsMedia Reporter ABOUT $717.7 million in undisbursed World Bank (WB) loan financing under the power sector recovery operation programme has been cancelled following a joint agreement between Nigeria’s Federal Government (FG) and the WB, according to a restructuring paper shared with the media. JKNewsMedia.com r...
By Adesola Alebiosu, JKNewsMedia Intern THIRD LARGEST borrower position from the International Development Association (IDA), the concessional lending arm of the World Bank (WB), has been retained by Nigeria despite a slight decline in its debt exposure in first quarter 2026. JKNewsMedia.com reports that according to IDA March 2026 financial s...
