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 has urged the Federal High Court in Lagos to dismiss the Dangote Petroleum Refinery’s bid to halt fuel importation, warning that the refinery’s products are sold at “significantly high and fluctuating market prices” and that granting its requests could hand it monopoly control of Nigeria’s downstream petroleum sector….
The Nigeria Civil Aviation Authority has placed eleven domestic airlines on an immediate “No-Pay-No-Service” sanction list over unremitted statutory charges. The strict enforcement action bars all internal regulatory departments from rendering administrative or operational services to the affected carriers. An internal agency memo dated May 22, 2026, confirmed that the suspension will remain in place…
The African Export-Import Bank posted a 25 percent increase in net income for the first quarter of 2026 as expanded trade lending outpaced falling global interest rates. Profit for the three months ending March 31 rose to $268.9 million, up from $215.4 million during the same period last year. The Cairo-based multilateral lender attributed the…
Nigeria’s newly introduced National Single Window (NSW) portal has processed 39,039 trade applications within the first eight weeks of its phase-one deployment. The Director of the NSW Secretariat, Tola Fakolade, disclosed the early milestone in Lagos, tracking the platform’s performance since its March launch. The electronic portal aims to consolidate the fragmented regulatory landscape by…
MTN Nigeria and Airtel Africa have amassed a combined data revenue of N1.53 trillion in their latest financial results, propelled by a sharp rise in smartphone adoption and internet consumption. The figures underscore the shifting commercial realities of the country’s telecommunications sector, where digital services are rapidly displacing traditional voice calls as the primary engine…
Nigeria’s currency held firm against the United States Dollar in the early hours of Thursday, May 21, 2026, trading at 1,371.25 per Dollar in the Nigerian Foreign Exchange Market, the official window for formal currency trade, following the Central Bank of Nigeria’s decision to retain its benchmark interest rate unchanged. The Monetary Policy Committee…
Nigeria’s Central Bank has opted to hold its benchmark lending rate steady at 26.5 per cent, resisting pressure from a fresh uptick in inflation and global economic uncertainty that analysts say tilted the policy balance firmly toward caution. CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the 305th meeting of…
The Nigerian naira recorded a mixed performance against the United States dollar on Wednesday, May 20, 2026, closing at ₦1,373.65 per dollar at the official Nigerian Foreign Exchange Market, a marginal depreciation of 15 kobo from the previous session’s rate of ₦1,373.50, according to data published by the Central Bank of Nigeria. At the…
The Securities and Exchange Commission will force the Nigerian capital market to settle equity and commodity trades within one business day from June 1. This shift from the current two-day cycle slashes the time investors must wait to get cash from share sales. Market operators have until the deadline to fix their back-office systems or…
The Federal Government has unveiled an online mediation platform to handle rising disputes between citizens and revenue agencies without charge. Minister of Finance Taiwo Oyedele launched the digital portal, toll-free call centre, and case management system for the Office of the Tax Ombud yesterday in Abuja. The newly established agency will act as an independent…