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
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…
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…
