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
Elon Musk’s rocket and satellite firm, SpaceX, is seeking a market valuation of nearly $1.77 trillion in its upcoming public debut. According to regulatory disclosures filed on Wednesday, the company plans to offer 555.6 million shares priced at a fixed $135 each. The corporate move aims to generate approximately $75 billion in fresh capital, representing…
Nigerian manufacturers spent N1.34 trillion on alternative energy sources in 2025 to keep their factories running. This expenditure represents a 71.4 percent surge from the N781.68 billion recorded in 2023. The Manufacturers Association of Nigeria disclosed these figures in a comprehensive evaluation of recent state reforms. The data shows that the industrial sector is paying…
The Central Bank of Nigeria relaxed its regulatory grip on the digital banking sector by postponing the enforcement of its strict terminal tracking policy. Payment providers now have until August 1 to lock electronic payment devices to specific physical addresses. The regulator also ordered banks and fintech firms to submit formal proof of system upgrades…
Nigeria spent $2.34 billion on food imports in 2025, representing a 7.37 per cent decline from the $2.53 billion recorded in 2024, according to data published in the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin. The figures, modest on the surface, carry deeper significance when placed within the broader context of how Africa’s…
Nearly seven in every ten businesses operating in Nigeria own or share private generators to stay afloat amid chronic electricity shortages, with power outages eroding about three per cent of their annual sales, according to fresh findings from the African Development Bank. The disclosure, contained in the AfDB’s 2026 African Economic Outlook report, paints…
Nigeria’s state-owned energy company has recorded a sharp rise in its financial fortunes. The Nigerian National Petroleum Company Limited generated N4.971 trillion in revenue for April 2026, marking a 79.23 per cent surge from the previous month. This significant rebound follows a relatively sluggish March performance, where revenue sat at N2.774 trillion. The latest monthly…
The European Union on Thursday imposed a 200 million euro fine on Chinese owned online retailer Temu for allowing the sale of illegal and dangerous products on its platform, including hazardous baby toys and defective chargers, in one of the most significant enforcement actions yet under the bloc’s sweeping new digital rulebook. European…
The Federal Capital Territory High Court in Abuja dismissed a massive $19.6m lawsuit against the Nigerian National Petroleum Company Limited, terminating a prolonged battle over disputed professional fees. Justice Hamza Mu’azu threw out the case filed by Alternate Dimensions Ventures Limited, ruling that the firm’s claims completely lacked legal merit. The legal victory insulates the…
Heavyweight sell offs in industrial and insurance counters pushed the Nigerian Exchange Limited deeper into negative territory last week, wiping billions of naira off investor portfolios and offsetting modest gains recorded across banking and oil equities, even as overall market turnover collapsed by nearly half. The benchmark NGX All Share Index closed the week…
Nigerian factory floors are facing an existential crisis as a combination of multi-layered taxation, currency volatility, and insecurity cripples industrial operations. The Manufacturers Association of Nigeria issued a stark warning detailing the rapid erosion of corporate survival margins across the country’s major industrial hubs. Factory owners report that production volumes have dropped significantly over the…