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...
By Jemimah Wellington, JKNewsMedia Correspondent RENEWED EMPHASIS on economic growth, fiscal discipline and national stability shaped President Bola Tinubu’s New Year message to Nigerians as the nation entered 2026 with confidence in ongoing reforms and expectations of broader prosperity. Welcoming Nigerians to the new year, the Preside...
By JKNewsMedia REVENUE AMOUNTING to N1.928 trillion from the Federation Account has been shared among the Federal Government, State Governments and Local Government Councils for the month of November 2025, reflecting the latest statutory distribution to the three tiers of government. The revenue was shared at the December 2025 meeting of the ...
By Joke Kujenya FEDERAL REVENUES for 2025 are collapsing to N10.7tn, far below the N40.8tn originally projected, Finance Minister Wale Edun told lawmakers this week, exposing a gap of nearly N30tn. Edun said weak oil and gas receipts, shortfalls in petroleum profit tax and company income tax, and gaps in non-oil revenue are largely responsibl...
