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
Nigerian lenders closed a net 476 branches and cash centres between 2022 and 2025, shrinking their physical footprint by 8.8 per cent in three years. Data from the Central Bank of Nigeria’s 2025 Statistical Bulletin reveals that brick-and-mortar outlets dropped from 5,410 to 4,934 nationwide. The closures accelerated sharply over the past two years, with…
Microfinance banks filed more than eight of every ten security claims registered against Nigerian borrowers in the first quarter of 2026, cementing their place as the busiest lenders in the country’s movable assets credit market, even as total filings across the financial system rose by more than half from a year earlier. Data from the…
Nigerian manufacturers entered the second quarter of 2026 carrying a massive mountain of unsold inventory valued at 1.77 trillion naira. Financial data from companies listed on the Nigerian Exchange Limited showed a 10.6 per cent climb in stockpiles compared to the 1.597 trillion naira recorded in the opening quarter of 2025. Over that same period,…
Nigeria produced 1,677,777 barrels of crude oil and condensate a day in August 2026, keeping the country within its assigned OPEC ceiling for a fourth straight month even as output remained well short of the level the Federal Government needs to fund its own budget. The figure, released on Sunday by the Nigerian Upstream…
The Nigerian Exchange closed the week ended Friday, 12 September 2026, deep in the red, with widespread selling wiping about N1.97 trillion off the value of listed equities as investors trimmed positions after months of record gains and began raising cash ahead of the Dangote Refinery public offer. The benchmark All-Share Index fell 1.60…
Africa’s largest ever share sale opens to the public on Monday, 14 September 2026, when Dangote Petroleum Refinery and Petrochemicals FZE begins accepting subscriptions for 4.1 billion ordinary shares priced at N525 each, a transaction that could raise about N2.15 trillion, or roughly 1.6 billion dollars, if fully taken up. The offer closes on 13…
The naira closed the week of 12 September 2026 at its strongest level against the United States dollar in more than two years, extending a recovery that has taken the currency from record lows in early 2024 to the firmest official rates since before the Central Bank of Nigeria floated it in June 2023….
Dangote Petroleum Refinery has raised the price of petrol sold to its customers to N1,350 per litre, up from N1,265, with the new rate taking effect on Saturday, September 12, 2026. The increase was communicated in a circular issued late on Friday by the refinery’s Group Commercial Operations department, which also revised the coastal delivery…
The naira opened trading on Thursday, September 10, 2026, at about ₦1,322.72 to the United States dollar in the Nigerian Foreign Exchange Market, holding close to its strongest official level in two years while dealers in the unregulated parallel market continued to quote the currency considerably weaker, at roughly ₦1,380 to buy and ₦1,390 to…
Nigeria’s upstream oil and gas regulator has told investors holding flare gas sites that their awards are not permanent entitlements. Companies that cannot show real progress within a year of receiving an award risk losing it. The warning came from Oritsemeyiwa Eyesan, Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, during a…