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
Higher crude flows failed to lift the bottom line for the Nigerian National Petroleum Company Limited in May 2026, as the state oil firm recorded a profit after tax of N462 billion, down from the N481 billion posted in April, despite pumping its most crude in nearly a year. The company’s Monthly Report Summary…
African governments are systematically rewriting the extractive bargain by demanding local processing of their natural resources. From Kenya to Ghana and Mali, states increasingly insist that critical minerals undergo domestic refinement before export. This policy shift targets rare earths, lithium, graphite, copper, and nickel. The global energy transition has triggered an insatiable demand for these…
Petroleum marketers in Nigeria have come under fresh pressure from the Federal Government to lower pump prices, with the authorities insisting that falling crude oil costs must reach ordinary consumers rather than enrich operators in the deregulated downstream market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, issued the directive in Abuja…
The Central Bank of Nigeria has issued strict new rules governing financial holding companies. The revised regulatory exposure draft aims to aggressively ring-fence core banking assets from speculative corporate ventures. This structural intervention will force Tier-1 banking groups to raise an estimated N326 billion in fresh capital buffers. Institutional investors must now urgently re-evaluate their…
The maximum lending rate charged by Nigerian commercial banks softened marginally to 34.78% in May. Data from the Central Bank of Nigeria reveals a slight retreat from the 35.17% recorded in April. This moderate decline offers minor relief to highly leveraged corporate borrowers. Despite the drop, structural cost pressures remain exceptionally high across the domestic…
Africa’s largest electrification drive has crossed a defining threshold, with the World Bank Group and the African Development Bank announcing that their joint Mission 300 initiative has connected more than 50 million people to electricity across 40 countries, even as Nigeria, home to the world’s biggest power access deficit, accounts for over 4.5 million…
Nigeria has approved a fresh round of petrol and diesel imports for the July to September quarter, a move that signals renewed pressure on domestic fuel supply even as the country pushes to lean more heavily on local refining. The Nigerian Midstream and Downstream Petroleum Regulatory Authority issued the clean product import permits to…
Nigeria shipped Premium Motor Spirit worth N105.50bn to Togo in the first three months of 2026, a figure that captures how sharply the country’s downstream fortunes have turned after decades of dependence on imported fuel. The export value was contained in the National Bureau of Statistics Foreign Trade Statistics Report for the first quarter…
Nigeria’s economy remained firmly cash-driven in May 2026, as the volume of money circulating outside the banking system rose to N5.19 trillion, exposing the limits of the Central Bank of Nigeria’s years-long campaign to wean the country off physical cash. Latest money and credit statistics from the CBN showed that currency outside banks…
Inside Nigeria’s 91,966MT Cooking Gas Supply Gap Liquefied Petroleum Gas marketers brought in 16,642.66 metric tonnes of cooking gas within the first 19 days of June to cushion a domestic supply gap that has driven prices to record highs and pushed many households back to charcoal and firewood. The imports formed part of the 95,769.26…