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
Nigeria’s power distribution companies collected N205.53bn from consumers in July, converting higher tariffs into record monthly receipts while basic supply remains fragile. The Nigerian Electricity Regulatory Commission released the data on Friday, 25 September 2026, in its Commercial Performance Factsheet. DisCos received energy worth N333.94bn from the national grid during the period and billed electricity…
Nigerian firms face an aggressive reckoning as the federal government prepares to turn unpaid taxes into expensive floating debt. Starting on 1 October 2026, corporate defaulters must pay an immediate 10 per cent statutory fine alongside daily interest charges linked directly to central bank lending rates. Finance Minister Taiwo Oyedele signed the directive under the…
The Small and Medium Enterprises Development Agency of Nigeria has called for stronger collaboration with traditional institutions to improve government interventions in communities and support food security, enterprise development and wealth creation. The Small and Medium Enterprises Development Agency of Nigeria has called for stronger collaboration between traditional institutions and government intervention agencies to support…
Petroleum product and commodity imports through Lagos ports fell sharply in the first three weeks of September 2026, according to shipping position data from the Nigerian Ports Authority. Total tonnage stood at 1,470,109 metric tonnes for the period, down 38.6 per cent from the 2,392,354 metric tonnes recorded in August. The NPA figures were…
Nigeria’s national grid had 5,403.3 megawatts available for distribution as of 8.07pm on Tuesday, 22 September 2026, according to the daily load allocation schedule from the National Control Centre in Osogbo. Of that, 4,379.07MW went to the country’s 11 distribution companies, with the balance set aside for other approved uses. The schedule listed 1,024.18MW…
The Central Bank of Nigeria slashed its benchmark lending rate by 350 basis points to 23 per cent on Tuesday, ending a brutal monetary squeeze that began in late 2023. Governor Olayemi Cardoso announced the steep cut following the 307th Monetary Policy Committee gathering in Abuja, setting the asymmetric corridor at plus 50 and minus…
The Central Bank of Nigeria is unlikely to cut its benchmark interest rate this week despite three straight months of slowing inflation, as rising crude oil and petrol prices cloud the outlook, United Capital Research has said. The firm’s assessment comes as the Monetary Policy Committee opens its two day meeting in Abuja on Monday,…
Aliko Dangote says his group intends to invest more than 10 billion dollars in Africa’s power sector over the next three to four years, and may cancel one or two planned businesses, including steel, to free up the money. The president of Dangote Industries Limited made the disclosure in an interview with Al Jazeera…
Nigeria consumes far less cement per person than most of the world, and the high price at the till is being driven largely by foreign exchange and self-generated power, HBM Nigeria has said. The company’s chief executive, Lolu Akingemi-Alada, made the point over the weekend in Lagos at the Experiencing Panterra event, where he…
\The Federal Government borrowed N1.6 trillion at its September bond auction, held against a backdrop of falling yields and a rising share of non-competitive allotments that together point to a shifting risk-return picture for fixed-income investors. The Debt Management Office offered N1 trillion across a newly issued September 2036 bond and a reopened June 2038…