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 Central Bank of Nigeria (CBN) has formally announced the conclusion of its 24-month banking sector recapitalisation programme, with participating lenders raising a combined N4.65 trillion in fresh capital. Domestic investors accounted for 72.55 per cent of the total funds raised, contributing approximately N3.37 trillion, while international investors supplied the remaining 27.45 per cent,…
Nigerian domestic airlines lost N32.5 billion to a staggering 50,800 flight disruptions in 2025. A report by Aeronexus Partners reveals that over half of all scheduled flights last year suffered either a delay or an outright cancellation. Out of 87,650 flights operated, 45,320 were delayed, while 5,480 never left the tarmac. This fiscal haemorrhage strikes…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced an upward adjustment in the Domestic Base Price of natural gas, setting the new rate at $2.18 per Million British Thermal Units effective April 1, 2026. The new pricing structure represents a five-cent increase from the 2025 rate of $2.13 per MMBtu applicable…
The global appetite for Nigerian bank stocks is returning. The Central Bank of Nigeria (CBN) has revealed that offshore sources provided 28% of the total funds raised in the ongoing bank recapitalisation exercise. Hakama Sidi-Ali, the CBN’s Acting Director of Corporate Communications, shared these figures on Friday at the Enugu International Trade Fair. She argued…
The average pump price of petrol in Nigeria rose slightly in February 2026, even as diesel also recorded a monthly increase, according to fresh data released by the National Bureau of Statistics (NBS) on Friday. In its latest Premium Motor Spirit (Petrol) Price Watch, the NBS said Nigerians paid an average of N1,051.47 per litre…
The Nigerian equities market retreated on Wednesday as a wave of profit-taking in banking heavyweights halted a recent rally. The All-Share Index (ASI) shed 37 basis points to close at 200,925.75 points, wiping ₦476.73 billion off the total market value. While the year-to-date return remains a healthy 29.12 percent, the session’s bearish turn suggests that…
Global oil prices dropped sharply and stock markets rallied on Wednesday after reports emerged that the United States had transmitted a peace proposal to Iran, while Tehran announced it would allow vessels it deemed non-hostile through the Strait of Hormuz, offering the first concrete signs that nearly four weeks of conflict could be winding…
The Central Bank of Nigeria has directed all International Money Transfer Operators in the country to open and maintain dedicated naira settlement accounts with authorised dealer banks, in a move designed to tighten regulatory oversight of diaspora remittances and improve transparency across the foreign exchange market. The directive was contained in a circular dated March…
The Nigerian Exchange Limited recorded a significant milestone last week as its all-share index breached the psychological 200,000-point threshold for the first time, settling at 201,156.85 points amid broad-based gains across key sectors and sustained institutional buying interest. The industrial goods sector emerged as the week’s best performer, posting a 9.67 per cent gain to…
Global oil prices surged by 10 percent on Thursday following confirmation from Qatar that Iranian strikes had caused extensive damage to the Ras Laffan liquefied natural gas facility, the world’s largest LNG hub, intensifying concerns over the security of energy supplies in an already volatile Middle East. European gas prices recorded a steeper climb…