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 Central Bank of Nigeria has launched the Nigerian Overnight Financing Rate (NOFR) to serve as the primary benchmark for the domestic money market. Developed alongside the Financial Markets Dealers Association, the rate replaces older, fragmented methods of measuring short-term liquidity. It aims to improve transparency and sharpen the transmission of monetary policy. The bank…
Nigeria’s gross revenue reached a cumulative N84tn over the last three years, yet 41.1% of these earnings never reached the federation’s distribution pool. Findings from the World Bank’s latest Nigeria Development Update reveal that “pre-distribution deductions” are quietly hollowing out the treasury. While total earnings climbed to N37.44tn in 2025, the amount siphoned off for…
The United States has deployed over 15 warships to the Strait of Hormuz to enforce a counter-blockade, halting maritime traffic in the world’s most critical oil chokepoint. The move follows the collapse of regional peace negotiations and a directive from Washington to secure the waterway against Iranian influence. Two China-linked oil tankers, the Rich Starry…
Habib Beye has dismissed suggestions that Tochukwu Nnadi could leave Olympique de Marseille this summer, despite the Nigerian midfielder’s limited playing time. The 22-year-old joined the French giants from Zulte Waregem for €6 million in January but has struggled to break into a congested starting eleven. Since his arrival, Nnadi has managed only 26 minutes…
The naira remained largely unchanged on Thursday, trading at 1,379.50 against the dollar. Data from the Nigerian Foreign Exchange Market show the currency opened at 1,378.98 before hitting an intraday peak of 1,380.00. This stability persists despite a volatile global backdrop that threatens to upend emerging market currencies. Local trading activity stayed moderate as dealers…
The Central Bank of Nigeria (CBN) has declared the country’s development finance sector critically undersized and in urgent need of a total overhaul. Speaking at the World Bank’s Nigeria Development Update in Abuja, CBN Deputy Governor Mohammed Sani Abdullahi revealed a staggering ₦230 trillion financing gap for micro, small, and medium enterprises (MSMEs). Nigeria’s current…
The Nigerian Exchange Group (NGX) is leading a diplomatic push to unify Africa’s fragmented capital markets through cross-border listings. Group Chairman Umaru Kwairanga and CEO Temi Popoola recently hosted heads of major bourses from Johannesburg, Nairobi, Accra, and Addis Ababa in Lagos. The goal is to move past isolated trading floors toward a single investment…
Two people are dead, and several others are injured following a violent pile-up at the Soka Junction on the Ibadan-Lagos Expressway. The Oyo State Police Command confirmed the accident occurred late Saturday night, April 4, around 10:10 pm. A speeding heavy-duty truck lost control and ploughed into a crowd of pedestrians and stationary cars. The…
Oil prices are flirting with a four-year high as OPEC+ struggles to bridge a massive supply chasm. Eight member nations agreed on Sunday to raise production quotas by a modest 206,000 barrels per day for May. The move is largely symbolic. Ongoing hostilities between Israel, the United States, and Iran have effectively choked the Strait…
A Russian drone strike on a busy market in Nikopol killed five people and injured at least 19 others on Saturday morning. The attack occurred at approximately 09:50 local time, shredding retail kiosks and scattering food and glass across the town’s commercial centre. Nikopol, which sits directly across the Dnipro river from Russian-occupied territory, has…
