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...
By Kofoworola Fakeye, JKNewsMedia Reporter GROSS DOMESTIC Product (GDP) growth rate in Nigeria slowed to 3.89 percent year-on-year in real terms in first quarter 2026 as the National Bureau of Statistics (NBS) released its latest GDP report on Monday. JKNewsMedia.com reports that NBS notes the figure marks a decline from 4.07 percent recorded...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s PUSH for a proposed $1.25bn World Bank (WB)loan to support economic reforms, job creation, and competitiveness has reached a critical stage in the lender’s approval process. JKNewsMedia.com reports that the proposed facility, titled “Nigeria Actions for Investment and Jobs Accel...
By Jemimah Wellington, JKNewsMedia Correspondent TRANSPARENCY, FISCAL discipline and ongoing economic reforms formed the focus as President Bola Tinubu met global investors in Paris, France, outlining the rationale for the swift implementation of key policy changes. JKNewsMedia.com reports that the meeting brought together major international...
By JKNewsMedia CALLS FOR urgent government action on workers’ welfare intensified as Nigeria marked International Workers Day (IWD) 2026, with Corporate Accountability and Public Participation Africa (CAPPA) pressing authorities to confront worsening socioeconomic conditions. JKNewsMedia.com reports that the organisation, in a statement issue...
