By JKNewsMedia ENERGY TRANSFORMATION framed key deliberations as the Federal Government reaffirmed its drive to reposition Nigeria’s power sector for sustainability, efficiency, and inclusive growth. Addressing participants at the 2025 OTL Africa Energy Forum in Lagos, the Honourable Minister of Power outlined wide-ranging policy actions, leg...
By Jemimah Wellington, JKNewsMedia Correspondent GLOBAL FINANCIAL regulators have officially removed Nigeria from the Financial Action Task Force (FATF) grey list, marking what President Bola Tinubu described as a historic milestone in the nation’s pursuit of economic reform, transparency, and international credibility. The FATF, recognised a...
By Ajibola Olaide, JKNewsMedia Reporter ENERGY DEVELOPMENT gained renewed traction as President Bola Tinubu welcomed Shell’s Final Investment Decision (FID) for a $2 billion gas project in the shallow offshore HI Field within Oil Mining Lease (OML) 144. The project, classified as a Non-Associated Gas (NAG) development, is expected to deliver ...
By Jemimah Wellington, JKNewsMedia Correspondent DATA FROM the Nigerian Electricity Regulatory Commission (NERC)’s Second Quarter Report for 2025 has revealed that the Federal Government’s outstanding power subsidy to electricity generation companies reached N1.05trillion within the first half of the year. The report showed that the governmen...
By JKNewsMedia RECOGNITION FOR excellence in consumer credit delivery came to the Nigerian Consumer Credit Corporation (CREDICORP) as it was named Consumer Credit Access Company of the Year at the 13th BusinessDay Banks and Other Financial Institutions (BAFI) Awards held in Lagos on Saturday. The annual event, organised by BusinessDay, Nigeri...
By Jemimah Wellington, JKNewsMedia Correspondent CENTRAL BANK Governor Olayemi Cardoso will head Nigeria’s delegation to the 2025 World Bank and International Monetary Fund (IMF) Annual Meetings scheduled to open on Monday, October 13, in Washington DC. The delegation, which includes the Minister of State for Finance, Doris Uzoka-Anite, will ...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s PRESIDENT Bola Tinubu has on Wednesday, used his Independence Day broadcast to call on Nigerians to renew their faith in the nation, assuring citizens that the toughest days of reform are now behind and that the country is entering a new era of growth, stability, and self-relian...
By Blessing Kenneth, JKNewsMedia Intern THE CENTRAL Bank of Nigeria (CBN) has clarified that the new 75 percent Cash Reserve Ratio (CRR) on non-Treasury Single Account (TSA) public sector deposits will not restrict account holders from accessing their funds. The clarification followed the Monetary Policy Committee (MPC) meeting at which the m...
By Jemimah Wellington, JKNewsMedia Correspondent HIGH-LEVEL talks on energy security and infrastructure investments took centre stage in Lagos as President Bola Tinubu engaged with two prominent global investment leaders, Hakeem Belo-Osagie, Chairman of Metis Capital Partners and Senior Lecturer at Harvard Business School, and Bayo Ogunlesi, ...
By Yomi Omolade, JKNewsMedia Intern THE MONETARY Policy Committee of the Central Bank of Nigeria (CBN) has reduced the benchmark interest rate by 50 basis points, lowering it from 27.5 percent to 27 percent. Governor Olayemi Cardoso made the announcement while briefing journalists on the outcome of the 302nd meeting of the Monetary Policy Com...
