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 of Nigeria is preparing to receive a fourth batch of 270 citizens evacuated from South Africa following a fresh wave of xenophobic violence against foreign nationals. The arriving flight will push the total number of repatriated citizens to nearly 1,130 since emergency operations began. State officials coordinate the state-funded flights through the…
The European Bank for Reconstruction and Development has announced plans to invest at least 1.5 billion dollars in Nigeria over the next three years. The multilateral lender launched its Lagos office this week, marking its first operational base in Sub-Saharan Africa. Directors cited stabilizing macroeconomic reforms, improving foreign exchange liquidity, and a growing pipeline of…
The federal government has cleared N39.6 billion in outstanding pension arrears, settling long-standing liabilities for more than 24,000 public sector retirees. The massive payout directly targets former workers under the old Defined Benefit Scheme who have waited years for their money. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, confirmed the fiscal…
The International Monetary Fund has revealed that Nigeria failed to record public spending worth two percent of its gross domestic product in recent official budgets. The multilateral lender explained that the massive accounting omission leaves the country’s reported fiscal deficit understating its actual borrowing requirements. IMF Resident Representative Christian Ebeke disclosed the statistical discrepancy during…
A US-based Nigerian engineer has pleaded guilty in an American federal court to diverting $1.64 million into his family’s private bank accounts. The defendant Adebanjo Popoola, manipulated corporate payment systems over several years to channel corporate funds away from his employers. Federal prosecutors revealed that the engineer abused his senior technical access to authorise fraudulent…
The Nigerian naira depreciated to N1,395 against the US dollar in the parallel market on Monday. This drop marks a noticeable departure from the stable N1,380 trading range maintained last week. Currency dealers attribute the sudden slide to a concentrated surge in end-of-month corporate demand. Speculative buyers have also re-entered the unofficial market to hedge…
Sixteen-year-old Osasere Okundaye has made history by qualifying as Nigeria’s youngest chartered accountant. She secured her professional credentials through the Institute of Chartered Accountants of Nigeria. Her achievement has drawn formal commendation from the federal government. This milestone breaks the previous national record set by a seventeen-year-old in 2022. Okundaye managed to clear the notoriously…
Tobi Amusan secured a commanding victory in the women’s 100-metre hurdles at the Paris Diamond League. The Nigerian world record holder crossed the finish line in 12.28 seconds to equal her season’s best. Her clinical performance at the Stade Charléty reinforces her status as the gold-medal favourite for the upcoming Commonwealth Games. Amusan successfully held…
Apple and Microsoft have rolled out steep price increases for their primary hardware products, blaming a global surge in memory chip costs. The global tech giants announced the coordinated price adjustments on Thursday to offset the rising cost of semiconductor components. Apple immediately implemented price hikes of twenty per cent or more across its entire…
More than nine out of every ten naira in circulation remains outside the formal banking system despite aggressive digital payment initiatives. The latest Money and Credit Statistics released by the Central Bank of Nigeria revealed that cash held outside banks climbed to N5.19tn in May. This figure marks a steady increase from the N5.08tn recorded…