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...
By Joke Kujenya THE FEDERAL Executive Council (FEC) has approved the 2026 Appropriation Bill, clearing the way for President Bola Tinubu to present the budget proposal to a joint session of the Senate and the House of Representatives. President Tinubu convened an emergency Council meeting at the State House, Abuja, to consider a single-item m...
By Jemimah Wellington, JKNewsMedia Correspondent HEADLINE INFLATION slowed to 14.45 percent in November 2025, extending the steady easing seen throughout the year and bringing the figure below the 15 percent target set by President Bola Tinubu. The National Bureau of Statistics (NBS) announced the decline on Monday in its consumer price index...
By Ajibola Olaide, JKNewsMedia Reporter RISING LOAN approvals, ongoing negotiations and phased disbursements across multiple sectors are set to push World Bank lending to Nigeria to $9.65 billion between 2023 and 2025 by the end of this year. The projected figure covers loans from the International Bank for Reconstruction and Development (IBR...
By Jemimah Wellington, JKNewsMedia Correspondent EXTERNAL RESERVES surged past the $45 billion mark, reaching levels not seen since July 2019, the Central Bank of Nigeria (CBN) has reported. Latest figures by the apex bank shows the reserves now stand at $45.04 billion, up from $42.03 billion on September 19, 2025, representing an accumulatio...
By JKNewsMedia BID TO reinforce economic stabilisation held sway as Nigeria’s state energy company, the Nigerian National Petroleum Corporation (NNPC) Limited, engaged the Central Bank of Nigeria (CBN) in a strategic dialogue aimed at reinforcing economic stabilisation and national resilience. The meeting, held in Abuja, highlighted collaborat...
By Ajibola Olaide, JKNewsMedia Reporter ECONOMIC GROWTH reached 3.98 percent year-on-year in real terms in the third quarter of 2025, the National Bureau of Statistics (NBS) reported on Monday, edging up from 3.86 percent in the same period last year. According to the NBS, the nation’s aggregate gross domestic product (GDP) at basic prices st...
By Jemimah Wellington, JKNewsMedia Correspondent ACROSS NIGERIA, the cost of staple foods shifted in September 2025, with beans, garri, maize, and tomatoes declining, while local rice and boneless beef registered modest increases, the National Bureau of Statistics (NBS) reported. The NBS stated this in its Selected Food Prices Watch report fo...
