By Jemimah Wellington, JKNewsMedia Reporter MARKING A notable improvement from the previous 68% reported on Independence Day, Nigeria’s debt servicing to revenue ratio has reduced to 65%. President Bola Tinubu revealed this during the swearing-in ceremony of seven new ministers at the State House in Abuja. The President highlighted the c...
By Egbu Onwu Linus, JKNewsMedia Reporter, Benue State NIGERIA’s REVENUE-to-debt service ratio has significantly dropped from 97% to 65% since President Bola Tinubu took office 17 months ago. The President highlighted this reduction on Monday during the swearing-in ceremony of seven new ministers at the State House in Abuja, noting that this ac...
By David Adenekan “Patience and hunger are of parallel lines. How do you reconcile the two grammatical expressions in today’s Nigeria economic hardship?” – David Adenekan. A BAG of rice is now N120k. A small plastic of beans is N7k. A crate of egg is N7k (depending on the size). 3 tubers of yam are […]
By Joke Kujenya Nigerians have been urged to brace up for another rise in petrol prices. The Nigerian National Petroleum Company Limited (NNPCL) has indicated that another pump price increase is likely soon. This follows the company’s efforts to reflect the current market conditions. Adedapo Segun, NNPCL’s Executive Vice President, Downs...
By Jemimah Wellington, JKNewsMedia Reporter THE NIGERIAN Presidency has refuted allegations of reintroducing fuel subsidies, a claim circulating in various reports following the Nigerian National Petroleum Company (NNPC) Limited’s disclosure of a $6 billion debt to suppliers. Bayo Onanuga, the Special Adviser to the President on Informat...
