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 ...
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...
