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
Wayve Microfinance Bank Limited says no investor bought shares in the Dangote Petroleum Refinery and Petrochemicals initial public offering through its WayvePay app. The bank made the claim on Thursday, days after the Securities and Exchange Commission warned Nigerians against investing through the platform. The episode has turned attention to how retail investors are reaching…
Tesla has unveiled a redesigned version of its long-delayed Roadster electric sports car, featuring rocket-style thrusters developed in collaboration with SpaceX, with production expected to begin in 2028. The unveiling took place on Thursday, October 15, at a SpaceX test facility in McGregor, Texas. The demonstration featured a white, two-seat vehicle performing dramatic manoeuvres, including…
United Nigeria Airlines Company Limited has opened bids for an initial N20bn commercial paper issuance under a wider N100bn programme to plug short-term working capital needs. The sale makes the private carrier the first domestic airline in Nigeria to tap local debt capital markets through unsecured notes. Cheap bank credit remains scarce across Lagos, forcing…
Central Bank of Nigeria Governor Olayemi Cardoso says record external reserves, falling inflation and steady growth gave the apex bank the room to deliver last month’s surprise interest rate cut. He described the move as an overdue repair of how monetary policy works in the country. “It took the market by surprise, and markets,…
Predatory revenue agents and armed street gangs continue to bleed Nigerian businesses through illegal levies, ignoring statutory penalties of five million naira and three years in prison under recent fiscal laws. Lagos Chamber of Commerce and Industry President Leye Kupoluyi raised the alarm in Lagos on Wednesday, 14 October, citing the Central Bank of Nigeria’s…
Nigeria’s power distribution companies installed 301,726 prepaid electricity meters across July and August, shaving a sliver off a stubborn metering deficit that still leaves 4.70 million grid consumers at the mercy of arbitrary estimated bills. Fresh regulatory data released by the Nigerian Electricity Regulatory Commission in Abuja shows that utility operators picked up their deployment…
The Federal Government plans to borrow up to N5.75 trillion from the domestic bond market before the end of 2026, according to the Debt Management Office’s provisional issuance calendar for the fourth quarter. The plan follows a nine-month period in which bond allotments more than doubled. If fully raised, the new offers would equal…
Nigeria’s Public Complaints Commission received 1,281,984 administrative petitions over the past two years, resolving 716,688 grievances while leaving more than half a million citizens waiting for redress. Chief Commissioner Honourable Bashir Abubakar unveiled these figures in Abuja ahead of the first Nigerian Ombudsman Conference, pointing to the numbers as proof of renewed public trust. Broken…
The Central Bank of Nigeria has stepped up enforcement of corporate governance rules, including a 10 per cent limit on banks’ investments in foreign subsidiaries, to protect depositors and ensure the benefits of recapitalisation are not undermined by excessive risk-taking. The Central Bank of Nigeria (CBN) has tightened its oversight of banks, warning lenders…
The Nigerian National Petroleum Company Limited has extended its N66 per litre discount on Premium Motor Spirit until October 31, 2026, a decision that offers motorists a third consecutive week of relief but has reignited a fierce debate over whether the government is quietly returning to the fuel subsidy regime it abolished in May 2023….