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 ...
By Jemimah Wellington, JKNewsMedia Correspondent HIGH-LEVEL diplomatic engagement at the Ministry of Trade and Investment in Abuja has brought together envoys from the Netherlands, Russia, Mexico, and China to advance Nigeria’s international economic cooperation agenda. The meeting, hosted by the Honourable Minister of Trade and Investment, D...
By Jemimah Wellington, JKNewsMedia Correspondent A FEDERALLY backed investment vehicle is taking shape to drive large-scale industrial growth across Nigeria’s South-East region, following President Bola Tinubu’s approval of the South-East Investment Company (SEIC) as part of an ambitious public-private initiative. The company, expected to man...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s ECONOMIC transformation is gathering momentum as policymakers push through painful but necessary reforms aimed at stabilising the country’s finances and unlocking its vast growth potential. The impact is beginning to show, but rising inflation, entrenched poverty, and a volatile globa...
By Jemimah Wellington, JKNewsMedia Correspondent A FRESH blow to Nigeria’s economic recovery may be on the horizon as United States (US) President Donald Trump renews threats to impose additional tariffs on BRICS-aligned nations. The looming 10 percent tariff, if enforced, could further destabilise Africa’s largest economy, which has battled ...
