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...
By Joyce Eyaba, JKNewsMedia Reporter STRONG FINANCIAL financial performance marked the Nigeria National Petroleum Corporation (NNPC) Limited’s latest full-year results, with the company reporting a Profit After Tax of N5.4 trillion on revenue of N45.1 trillion for 2024. The figures, presented during an earnings call with analysts, were descri...
By Jemimah Wellington, JKNewsMedia Corres NIGERIA’s BUSINESS community faced a complex mix of progress and pressure in October, as fresh data from the Nigerian Economic Summit Group (NESG) and Stanbic IBTC Bank revealed both improved confidence and persistent hardship across key sectors. The latest Business Confidence Monitor (BCM) showed that...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s NATIONAL Assembly has approved President Bola Tinubu’s request to raise a total of $2.847 billion from the international capital market to support the 2025 fiscal plan and key infrastructure projects. The approval, granted on Wednesday, covers a $2.347 billion loan and a $500 million ...
