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...
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...
