By Ajibola Olaide, JKNewsMedia Reporter TRANSFER OF leadership at Nigeria’s Finance Ministry has been completed following a formal handover from the immediate past minister, Wale Edun to Taiwo Oyedele, with the process confirmed in an official statement. JKNewsMedia.com reports that the transition took place on Thursday evening and was disclo...
By Ebunoluwa Olawale, JKNewsMedia Intern HOUSING LOAN scheme of N10 billion has been approved to bridge the housing deficit and improve access to affordable homes for low- and middle-income workers. JKNewsMedia.com reports that the Head of Service of the Federation, Mrs Didi Esther Walson Jack, announced the scheme in Abuja on Friday during a ...
By Jemimah Wellington, JKNewsMedia Correspondent APPROVAL FOR a $516,333,007 foreign loan has been requested from the National Assembly by President Bola Tinubu to support sections of the Sokoto Badagry superhighway project. JKNewsMedia.com reports that the request was conveyed in a letter addressed to Senate President Godswill Akpabio and r...
By Jemimah Wellington, JKNewsMedia Correspondent PROGRESS RECORDED in Nigeria’s economy has been highlighted by the immediate former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as he expressed satisfaction with his tenure following his resignation. Edun spoke a day after President Bola Tinubu announced his resigna...
By JKNewsMedia STRATEGIC PARTNERSHIP to strengthen Nigeria’s agricultural value chain and boost Gross Domestic Product (GDP) has been sealed between the Bank of Industry (BOI) and the Raw Materials Research and Development Council (RMRDC) following the signing of a Memorandum of Understanding (MoU) on April 17, 2026. JKNewsMedia.com reports t...
By Jemimah Wellington, JKNewsMedia Correspondent CLAIMS OF alleged diversion of federation earnings have been dismissed by the Federal Ministry of Finance, which said recent reports misrepresent findings contained in the latest Nigeria Development Update (NDU) by the World Bank (WB). JKNewsMedia.com reports that a government statement signed ...
By Jemimah Wellington, JKNewsMedia Correspondent NEW FISCAL policy measures for 2026 have been approved, introducing revised tariff rates and replacing the 2023 framework, the Federal Government has said. JKNewsMedia.com reports that a circular dated April 1, 2026, and signed by Wale Edun, Minister of Finance and Coordinating Minister of the ...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s ECONOMIC growth projection for 2026 has been revised downward to 4.1 percent by the World Bank, reflecting structural constraints and global uncertainties. JKNewsMedia.com reports that the revision was contained in the April 2026 Africa Economic Update titled “Making Industrial P...
By JKNewsMedia RECORD GROWTH across key financial indicators marked the release of Wema Bank’s FY 2025 audited financial results, with profit before tax rising to N221.85bn and total assets reaching N5tn. Head, Strategy and Investor Relations, Femi Akinfolarin, and Chief Finance Officer, Bunmi Oladosu, stated in a press release, that profit b...
By Jemimah Wellington, JKNewsMedia Correspondent OUTSTANDING DEBTS in the power sector are set for resolution following approval of a payment plan under the Presidential Power Sector Financial Reforms Programme (PPSFRP). JKNewsMedia.com reports that the plan followed a final review of legacy debts that have affected the sector for more than a...
