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 Nigerian National Petroleum Company Limited spent about N27.76 trillion running its business in 2025, a sum equal to roughly 80 per cent of the N34.52 trillion revenue the group reported for the year. The figure, drawn from the company’s 2025 audited financial statements, has put fresh attention on the cost structure of Nigeria’s…
Nigeria has expanded its financial safety net to shield ninety-eight per cent of bank depositors from catastrophic bank collapses, Nigeria Deposit Insurance Corporation Managing Director Thompson Oludare Sunday announced in Abuja on Thursday, 1 October 2026. The corporation raised its maximum insurance cover tenfold from 500,000 naira to five million naira for commercial bank customers…
Nigeria’s net usable external reserves had fallen to about 859 million dollars by the second quarter of 2023, the Central Bank of Nigeria has disclosed, describing it as a low point without precedent in the bank’s records and less than a month’s cover for the country’s import bill. The figure was given by the…
State oil firm NNPC Limited reported a net profit of 7.2 trillion naira on Wednesday, 30 September 2026, marking a 33 per cent jump above the 5.4 trillion naira recorded in the previous financial year. Company executives presented the audited ledger to shareholders during their annual general meeting in Abuja, crediting disciplined cost control and…
Egypt will gather more than 20 heads of state and government representatives at the inaugural Alamein Africa Forum, a business summit Cairo is using to reassert itself on a continent where China and the Gulf states have moved to the front. The organisers say the forum runs from 2 to 4 October in New…
The Airline Operators of Nigeria has warned that its member airlines will jointly ground all domestic flights if aviation unions repeat the kind of disruption that halted operations at the Lagos and Abuja airports on 11 August. The warning came in a communiqué issued after the association’s general meeting at the Transcorp Hilton in Abuja….
Only about 14.8 per cent of Nigerians are effectively covered by social protection, meaning roughly 85.2 per cent of the population has no reliable cushion against poverty and economic shocks, the International Labour Organisation said in Abuja on Monday. The figure was disclosed by the ILO Country Director for Nigeria, Ghana, Liberia and Sierra…
Omole Says Rate Cuts Have Not Reached Borrowers The Central Bank of Nigeria’s recent interest rate cuts have yet to bring down what businesses actually pay to borrow, according to Charles Omole, director-general of the Institute for Police and Security Policy Research. Omole, in a post on his X handle, argued that much of the…
African nations forfeit billions of dollars each year by shipping raw farm produce overseas instead of processing harvests at domestic factories, agricultural policymakers and financiers warned at the Agriculture Summit Africa in Abuja on Thursday, 24 September 2026. The continent holds two-thirds of the world’s uncultivated arable land, yet governments squander over 100 billion dollars…
The Central Bank of Nigeria has opened an inquiry into commercial lenders that refuse to pay hard currency to their own depositors. Officials in Abuja stepped in after thousands of retail customers reported steep withdrawal caps, fabricated cash shortages, and deliberate delays at bank counters across Lagos and other major commercial hubs. Bankers hoard notes…