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...
By Ajibola Olaide, JKNewsMedia Correspondent IMPLEMENTATION OF the capital component of the 2025 budget has been extended by the national assembly from March 31 to June 30 following the passage of an amendment bill. JKNewsMedia.com reports that the approval came after consideration and passage of a bill seeking to amend the 2025 appropriation...
By Jemimah Wellington, JKNewsMedia Correspondent INTEREST RATES have been reduced by 50 basis points to 26.50 percent from 27 percent after the Monetary Policy Committee of the Central Bank of Nigeria (CBN) voted unanimously at its 304th meeting in Abuja. JKNewsMedia.com reports that CBN Governor Olayemi Cardoso announced the decision at a ne...
By JKNewsMedia Reporter  THE NIGERIAN naira extended gains against the United States (US) dollar in early trading on Thursday, February 5, 2026, building on momentum recorded since the start of the week. The local currency strengthened further in the official market, buoyed by strong liquidity conditions. JKNewsMedia.com reports that at the N...
By Jemimah Wellington, JKNewsMedia Correspondent DELIBERATING TARGETING of global investors and relocating supply chains can cut import dependence, deepen manufacturing and create jobs in Nigeria, the Director-General of the World Trade Organisation (DG/WTO), Dr Ngozi Okonjo-Iweala, has said. The advice came on Wednesday at Nigeria House duri...
By Ajibola Olaide, JKNewsMedia Reporter INFLATION ROSE to 15.15 percent in December 2025 from 14.45 percent in November, the National Bureau of Statistics (NBS) reported on Thursday. It says the Consumer Price Index (CPI) reached 131.2, up 0.7 points from 130.5, marking a month-on-month increase of 0.7 percent. Food inflation, however, eased ...
By Jemimah Wellington, JKNewsMedia Correspondent ECONOMIC REFORMS are set to lift Nigeria’s growth rate to 4.4 percent in 2026 and 2027, driven by new tax laws, prudent monetary policies, and other measures, the World Bank (WB) has said. The bank disclosed this projection in its Global Economic Prospect (GEP)report released in January 2026. I...
By Jemimah Wellington, JKNewsMedia Correspondent THE NIGERIAN Exchange (NGX) has crossed the N100 trillion market capitalisation milestone, prompting President Bola Tinubu to commend corporate Nigeria, citizens, and capital market stakeholders for the achievement. President Tinubu described the record as an inspiration for investors operating...
