By Jemimah Wellington, JKNewsMedia Reporter THE PRESIDENCY has announced that Nigeria secures a $500 million loan from the World Bank to fund the Human Capital Opportunities for Prosperity and Equity (HOPE) project. The government says this initiative will strengthen basic education and primary healthcare in various states across the country. ...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s PROPOSED tax reform bills have sparked heated public debates, with critics spreading misinformation about their implications. Contrary to claims, the bills do not disadvantage any region, destroy agency funding, or suggest the cessation of government bodies like NASENI, TETFUND, and NITDA b...
By Pius Mordi WHEN WALE Edun, President Bola Tinubu’s Finance Minister, announced that $20 billion has been saved since the scrapping of the fuel subsidy regime, he may have expected Nigerias would be elated and applaud the administration. Rather, there is consternation on the propriety of the claim. Proclaiming that removal of fuel subsidy ha...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s HEADLINE inflation rate surged to 33.88% in October 2024, up from 32.7% in September, reflecting a 1.18 percentage point increase month-on-month. The National Bureau of Statistics (NBS) in its latest Consumer Price Index (CPI) report attributed the rise to higher transportation costs and in...
By Jemimah Wellington, JKNewsMedia Reporter MARKING A notable improvement from the previous 68% reported on Independence Day, Nigeria’s debt servicing to revenue ratio has reduced to 65%. President Bola Tinubu revealed this during the swearing-in ceremony of seven new ministers at the State House in Abuja. The President highlighted the c...
By Egbu Onwu Linus, JKNewsMedia Reporter, Benue State NIGERIA’s REVENUE-to-debt service ratio has significantly dropped from 97% to 65% since President Bola Tinubu took office 17 months ago. The President highlighted this reduction on Monday during the swearing-in ceremony of seven new ministers at the State House in Abuja, noting that this ac...
By David Adenekan “Patience and hunger are of parallel lines. How do you reconcile the two grammatical expressions in today’s Nigeria economic hardship?” – David Adenekan. A BAG of rice is now N120k. A small plastic of beans is N7k. A crate of egg is N7k (depending on the size). 3 tubers of yam are […]
By Joke Kujenya Nigerians have been urged to brace up for another rise in petrol prices. The Nigerian National Petroleum Company Limited (NNPCL) has indicated that another pump price increase is likely soon. This follows the company’s efforts to reflect the current market conditions. Adedapo Segun, NNPCL’s Executive Vice President, Downs...
By Jemimah Wellington, JKNewsMedia Reporter THE NIGERIAN Presidency has refuted allegations of reintroducing fuel subsidies, a claim circulating in various reports following the Nigerian National Petroleum Company (NNPC) Limited’s disclosure of a $6 billion debt to suppliers. Bayo Onanuga, the Special Adviser to the President on Informat...
