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
Global crude prices surged to $74 per barrel following an official declaration by US President Donald Trump that the temporary ceasefire with Iran has ended. The sudden market reaction snapped a multi-week downward trend that had previously dragged benchmarks toward the $70 floor. Energy traders immediately adjusted their risk premiums in response to the renewed…
Two crude explosive devices exploded in central Damascus on Tuesday morning as French President Emmanuel Macron met with Syrian President Ahmed al-Sharaa. The blasts detonated near the hotel where the French leader spent the night, wounding at least 18 people, including four police officers. The Élysée Palace quickly confirmed that Macron was unharmed and outside…
The National Identity Management Commission has registered over 136 million citizens and legal residents in its database as a sweeping infrastructure overhaul begins. Abisoye Coker-Odusote, the director-general, confirmed the milestone following high-level consultations with the budget ministry. This legislative and technical shift aims to centralise the civic records of Africa’s most populous nation under a…
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…