By Esther Olaifa, JKNewsMedia Reporter TRANSACTION CHARGES on money transfers have been scrapped by one of Nigeria’s financial institutions, Sterling Bank, marking a landmark shift in the country’s banking landscape. The no-fee policy applies exclusively to users of the bank’s digital app, OneBank, making it the first major player in th...
By Jemimah Wellington, JKNewsMedia Reporter SEVERAL NIGERIAN banks have reported a payment of about N205.6 billion as part of their windfall tax for the 2024 financial year, according to an audit filed with the Nigerian Exchange Limited (NGX). However, the total payments fall significantly short of the N1 trillion expected by the Federal Gove...
By BusinessDay NIGERIANS COULD soon pay as much as N930 per litre for petrol as negotiations continue over the naira-for-crude sales between the federal government, through the Nigerian National Petroleum Company (NNPC) Limited, and local petroleum refiners. BusinessDay analysis showed that the ex-depot price of petrol stood at an average of N...
By Jemimah Wellington, JKNewsMedia Reporter THE HEADLINE inflation rate in Nigeria eased to 23.18% in February 2025, marking a 1.30% decline from the 24.48% recorded in January, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The report highlights a significant downward ...
By Ajibola Olaide, JKNewsMedia Reporter ECONOMIC GROWTH in 2024 surpassed expectations, reinforcing the impact of reforms initiated by President Bola Ahmed Tinubu on 29 May 2023. The Independent Media and Policy Initiative (IMPI) disclosed this in a statement issued by its Chairman, Dr. Omoniyi M. Akinsiju. At 3.40 per cent for the full year,...
By Ajibola Olaide, JKNewsMedia Reporter ECONOMIC POLICIES under President Bola Tinubu’s administration took centre stage at the recently concluded All Progressives Congress (APC) National Economic Council (NEC) meeting in Abuja. Discussions also focused on the trajectory of ongoing reforms, with party leaders and governors citing data t...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIANS ARE reeling from the latest hike in data prices by MTN Nigeria Communications Plc, with subscribers expressing outrage over the sharp increase in costs. The telecom company is said to have raised the price of its 15GB weekly data plan from N2,000 to N6,000, representing a staggering 200 pe...
By Jemimah Wellington, JKNewsMedia Reporter THE PROPOSED nationwide demonstration against a 50% increase in telecommunications tariffs will not proceed as planned. The Nigeria Labour Congress (NLC) has opted for negotiations with the federal government after rejecting the tariff hike approved by the Nigerian Communications Commission (NCC) la...
By JKNewsMedia A MAJOR push to expand Nigeria’s gas infrastructure has taken shape with the launch of five mini-Liquefied Natural Gas (LNG) plants in Ajaokuta, Kogi State. The initiative, a collaboration between the Nigerian National Petroleum Corporation (NNPC) Ltd and private sector partners, is aimed at deepening domestic gas utilisation, ...
By Jemimah Wellington, JKNewsMedia Reporter THE ONGOING dispute over telecoms tariffs in Nigeria has intensified as rising operational costs push operators to the brink. In a bid to address these challenges, the Nigerian Communications Commission (NCC) has approved a 50% tariff adjustment, aiming to balance industry sustainability with consum...
