By Jemimah Wellington, JKNewsMedia Correspondent THE MANUFACTURERS Association of Nigeria (MAN) has commended government efforts to modernise tax administration through the enactment of the Nigeria Tax Act 2025, while warning against a proposed introduction of a Tax Stamp System for excisable goods. In a statement signed by its Director Gener...
By Ajibola Olaide, JKNewsMedia Reporter FEDERAL REVENUE surged to N3.65 trillion in September 2025, representing a 411 percent rise from the N711 billion recorded in May 2023 when the present administration assumed office. The figures were disclosed by Dr Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), during a...
By Ajibola Olaide, JKNewsMedia Reporter POVERTY DEMANDS collective action that unites government, faith-based organisations, businesses, and individuals, Ogun State Governor Dapo Abiodun has said. Speaking on Wednesday as Chairman at the 12th Annual Lecture of the Foursquare Gospel Church held at Harbour Point, Victoria Island, Lagos, Abiodun...
By Jemimah Wellington, JKNewsMedia Correspondent ALLOCATIONS TO state governments have more than doubled since President Bola Tinubu removed the petrol subsidy in May 2023, the Federal Government has announced. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in Abuja at the National Health Financing Dia...
By Joke Kujenya NIGERIA’s ECONOMY recorded an early breakthrough as the 2025 revenue target was surpassed in August, President Bola Tinubu announced in Abuja. He attributed the achievement to economic reforms deliberately focused on stimulating the non-oil sector, noting that the bulk of the revenue was generated outside crude oil earnings. T...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s CAPITAL market has recorded remarkable growth under ongoing economic reforms, President Bola Tinubu said during a state visit to Brazil on Tuesday. He highlighted the surge in market capitalisation and the rise in trading activities, describing them as signs of broadened opportunities...
By Jemimah Wellington, JKNewsMedia Correspondent PRESIDENT BOLA Tinubu has ordered an immediate temporary ban on the export of raw shea nuts. The directive was announced by the minister of agriculture and food security, Abubakar Kyari, who said the measure is designed to encourage local processing and increase value addition within Nigeria. H...
By Joke Kujenya FOREIGN EXCHANGE reserves climbed to $41 billion on August 19, setting Nigeria’s strongest position in nearly four years. Data released from the Central Bank of Nigeria (CBN) confirmed the figure as the highest since December 3, 2021. The apex bank’s official report showed an external reserve of $41,001,830,139.96, while net f...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’S NEWLY enacted minimum wage of N70,000 has been described by the United States (US) government as insufficient to lift millions of citizens out of poverty. The position was contained in the 2024 Country Reports on Human Rights Practices, released on 12 August 2025 by the US Department ...
By Faith Obams, JKNewsMedia Intern LAGOS STATE Governor Babajide Sanwo-Olu has called for stronger access to agricultural financing, warning that Nigeria continues to lose substantial economic value by exporting raw commodities instead of processed goods. Addressing stakeholders at the First Bank 2025 Agric and Export Expo held at Eko Hotels ...
