The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The federal government has initiated a sweeping policy to eliminate multiple business registrations across public regulatory frameworks. Spearheaded by the Presidential Committee on Fiscal Policy and Tax Reform, the directive seeks to merge redundant identity protocols into a single network. Under the new legal mandate, the National Identification Number for citizens and the Corporate Affairs…
The Supreme Court of Nigeria has officially banned manual case filings in a bid to modernise judicial administration. Chief Justice Kudirat Kekere-Ekun unveiled the Nigerian Case Management System alongside strict new Practice Directions on Wednesday in Abuja. The digital infrastructure replaces archaic, paper-based workflows with an integrated electronic platform designed to handle the entire lifecycle…
An investigator for the Economic and Financial Crimes Commission delivered a surprising twist in the trial of Godwin Emefiele. The witness told an Abuja High Court that the former central bank governor did not gain from a $6.2 million fraud scheme. Mr Okpoziakpo Eloho testified that forensic evidence failed to link the missing funds to…
Investors have pumped over N100bn into Nigeria’s insurance sector as the regulatory recapitalisation exercise enters its critical final phase. Current shareholders are aggressively protecting their equity holdings rather than choosing to merge, dilute stakes, or exit the market entirely. Existing financiers are fully absorbing corporate rights issues and backing targeted private placements. This massive capital…
The Central Bank of Nigeria has issued strict new rules governing financial holding companies. The revised regulatory exposure draft aims to aggressively ring-fence core banking assets from speculative corporate ventures. This structural intervention will force Tier-1 banking groups to raise an estimated N326 billion in fresh capital buffers. Institutional investors must now urgently re-evaluate their…
The maximum lending rate charged by Nigerian commercial banks softened marginally to 34.78% in May. Data from the Central Bank of Nigeria reveals a slight retreat from the 35.17% recorded in April. This moderate decline offers minor relief to highly leveraged corporate borrowers. Despite the drop, structural cost pressures remain exceptionally high across the domestic…
Nigeria’s embattled currency is enjoying a rare moment of relative calm against the greenback. The naira opened trading today at N1,363 per US dollar in the official Nigerian Foreign Exchange Market. Parallel market dealers are asking for roughly N1,400 for the same dollar notes. This narrow gap between the two markets points to a temporary…
The Super Falcons will enter the upcoming Women’s Africa Cup of Nations as the highest-ranked team on the continent after holding onto 36th place globally. FIFA released its final women’s world rankings update on Thursday before the upcoming continental tournament in Morocco. Despite securing back-to-back victories in international friendlies earlier this month, the reigning continental…
Global energy markets face immediate downward pressure after a breakthrough agreement in the Middle East. Brent crude plunged below the critical threshold of 80 dollars a barrel on Tuesday. Investors rapidly unloaded contracts following news of a diplomatic breakthrough between the United States and Iran. This sudden sell-off reflects a sharp drop in the geopolitical…
The International Monetary Fund has sparked widespread public concern and sharp economic anxiety across Nigeria by advising the Federal Government to introduce Value Added Tax (VAT) on premium motor spirit (petrol) and other fuel products. In its latest country assessment report, the Washington-based lender argued that levying a standard VAT on petroleum products is essential…