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...
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...
