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
Nigeria’s equities market has pulled back from the record highs it set earlier in August, as investors lock in gains from one of the strongest rallies the Nigerian Exchange has recorded in years. Even after a run of losing sessions, however, the market remains far ahead of where it started the year, leaving analysts…
Nigeria’s segment of the stock market reserved for young, fast-growing companies has recorded its strongest year yet, a performance that is changing how ambitious businesses think about raising money. The NGX Growth Index, which tracks companies listed on the Growth Board of Nigerian Exchange Limited, rose 257.81 per cent in 2025, climbing from 7,762.86…
Nigeria deployed 2,099 active drilling rigs between 2016 and 2026, yet total crude output remains stubbornly flat. Data from the Organisation of Petroleum Exporting Countries shows that billions of dollars in offshore drilling campaigns failed to lift daily production. Upstream operators spent massive capital maintaining mature fields that lose pressure each year. Annual rig deployments…
The National Industrial Court of Nigeria in Abuja has refused an application to halt the national delegates conference and leadership election of the Petroleum and Natural Gas Senior Staff Association of Nigeria. Presiding judge Justice M.A. Hamza declined to grant an interim restraining order that would have frozen the planned succession timetable. The court granted…
The naira has entered one of its calmest stretches since Nigeria floated the currency in 2023, holding within a narrow range against the dollar even as a gap between the official and parallel markets persists. The relative stability marks a sharp departure from the turbulence that followed the exchange rate reforms of the past…
The Apapa Command of the Nigeria Customs Service recorded a single-day revenue collection of 28.1 billion naira on Tuesday. The 24-hour haul marks the highest daily intake in the history of the premier port command. It easily eclipsed the previous daily peak of 20.1 billion naira set in September 2025. The record collection follows an…
Two of Nigeria’s biggest fuel marketing bodies have thrown their weight behind President Bola Tinubu’s pledge to revive the country’s state owned refineries, rejecting former President Olusegun Obasanjo’s verdict that the plants will never run profitably, in a dispute that turns on decades of heavy spending and repeated failure. The Independent Petroleum Marketers Association…
The Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public offering in Lagos. The deal locks in 600 million dollars in funded private placement from Lilium Capital Group alongside a 400 million dollar underwriting commitment. African industrial giants rarely test public capital markets on this scale. The transaction…
Nigeria’s competition watchdog has accused local cement manufacturers of manipulating market prices despite holding massive production surpluses. The Federal Competition and Consumer Protection Commission uncovered the price distortion following a three-month cross-border investigation. Retail prices for a 50-kilogramme bag climbed from roughly 9,500 naira in January to 15,000 naira by July. The price surge occurred…
The Nigerian Exchange Limited (NGX) closed lower on Monday, extending a bearish run that has now wiped value off the local bourse for a second consecutive session, as investors continued to offload banking and insurance stocks. The All-Share Index (ASI) shed 0.07 per cent to close at 242,454.65 points, down from 242,619.20 points at…