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
Only about 14.8 per cent of Nigerians are effectively covered by social protection, meaning roughly 85.2 per cent of the population has no reliable cushion against poverty and economic shocks, the International Labour Organisation said in Abuja on Monday. The figure was disclosed by the ILO Country Director for Nigeria, Ghana, Liberia and Sierra…
Omole Says Rate Cuts Have Not Reached Borrowers The Central Bank of Nigeria’s recent interest rate cuts have yet to bring down what businesses actually pay to borrow, according to Charles Omole, director-general of the Institute for Police and Security Policy Research. Omole, in a post on his X handle, argued that much of the…
African nations forfeit billions of dollars each year by shipping raw farm produce overseas instead of processing harvests at domestic factories, agricultural policymakers and financiers warned at the Agriculture Summit Africa in Abuja on Thursday, 24 September 2026. The continent holds two-thirds of the world’s uncultivated arable land, yet governments squander over 100 billion dollars…
The Central Bank of Nigeria has opened an inquiry into commercial lenders that refuse to pay hard currency to their own depositors. Officials in Abuja stepped in after thousands of retail customers reported steep withdrawal caps, fabricated cash shortages, and deliberate delays at bank counters across Lagos and other major commercial hubs. Bankers hoard notes…
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…