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 Malaysian Palm Oil Council is pursuing strategic local partnerships to fill Nigeria’s expanding supply deficit. Broad industrial growth and household consumption continue to outpace domestic refinery output. Malaysian trade officials see Nigeria as a crucial hub for regional expansion. Local production remains severely constrained by a lack of capital and infrastructure. The planned alliances…
The United Nations has launched a massive operation to rescue more than 11,000 seafarers stranded in the Strait of Hormuz. The International Maritime Organisation announced the evacuation plan on Tuesday following a diplomatic breakthrough between Washington and Tehran. Heavily armed Iranian forces blocked the strategic chokepoint in late February, trapping hundreds of civilian vessels. The…
A fragile diplomatic effort to resolve the Middle East crisis faces imminent collapse following a fierce rhetorical clash between Washington and Tehran. Iranian chief negotiator Mohammad Bagher Ghalibaf issued a stern warning to the United States to weigh its words with extreme caution. The high-stakes warning followed explicit military threats from US President Donald Trump….
Nigeria’s gross external reserves climbed to a major high of $51 billion, expanding the state’s financial firepower to defend the local currency. Data published by the Central Bank of Nigeria shows a massive $13.3 billion accretion over the past 12 months. This substantial fiscal cushion marks a complete turnaround from the severe depletion recorded during…
Nigeria’s informal currency market has delivered another sobering reality check to monetary authorities. The naira depreciated to N1,400 per dollar in the parallel market on Monday. This drop from N1,390 over the weekend signals persistent liquidity pressures outside official banking channels. Retail buyers continue to flock to street dealers for quicker access to hard currency….
The Nigerian naira opened the week with relative stability against the United States dollar on Monday across both the official and parallel foreign exchange windows. Financial sector data showed the domestic currency trading at an average of 1,360.71 naira per dollar at the official foreign exchange market. This current baseline represents a minimal, steady movement…
Fellow Nigerians Today, we celebrate democracy and the enduring Nigerian spirit. For 27 unbroken years, since May 29, 1999, Nigerians have chosen their leaders through the ballot, witnessed peaceful transitions of power, and resolved disagreements in courtrooms and legislative chambers—not through violence. We have experienced the longest stretch of civilian rule in our history. Our…
The Nigerian naira appreciated slightly against the United States dollar on Wednesday across both official and parallel markets. Data from the Nigerian Foreign Exchange Market showed the domestic currency trading at 1,353.48 naira per dollar at the official window. This figure represents a modest gain from the 1,357.26 naira recorded during trading sessions earlier in…
Nigeria’s gross external reserves have climbed to a historic 17-year high of 50.12 billion dollars, recording an extraordinary 30.9 per cent expansion year-on-year. Data from the Central Bank of Nigeria shows that the current liquid buffer has reached its highest operational peak since late 2009. This massive accretion represents a substantial increase of nearly 12…
The House of Representatives Public Accounts Committee has recovered 521.8 million naira in unremitted Value Added Tax from the Central Bank of Nigeria. The recovery followed a legislative inquiry into systemic revenue leakages and non-compliance with standard operating procedures by public institutions. The retrieved funds represent unremitted tax deductions on fees collected through the Remita…
