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
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…
The Nigerian Naira sustained a stable performance against the United States Dollar on Thursday, maintaining its position within a narrow trading band as the foreign exchange market continues to benefit from surging global crude oil prices and a historic accumulation of external reserves that has reached levels unseen in over a decade. Data from…
A comprehensive policy review has exposed critical structural barriers undermining the growth and sustainability of micro, small and medium enterprises in Nigeria, despite the sector’s strategic importance to the national economy and employment generation. The report, titled ‘Reassessment of Nigeria’s National Policy on Micro, Small and Medium Enterprises (MSMEs), 2021–2025 and Strategic Directions for 2026–2030’,…
Sustained bargain hunting in heavyweight stocks drove the Nigerian Exchange Limited market capitalisation up by N923 billion last week, extending the rally that has defined domestic equity trading in recent weeks and further strengthening investor confidence in Nigerian equities. The all-share index closed the week at 198,407.3 points, representing a 0.73 per cent week-on-week gain,…
The Centre for the Promotion of Private Enterprise has warned that Nigerian businesses face mounting existential threats from the current surge in global energy prices, driven by escalating geopolitical tensions in the Middle East that have pushed crude oil to $100 per barrel and refined fuel above N1,000 per litre. In an advisory note…
Japan has commenced the release of its strategic petroleum reserves in response to a coordinated global effort by International Energy Agency member states to stabilize oil markets following price surges triggered by escalating conflict in the Middle East. The Japanese government confirmed the drawdown on Monday through an official notice published in the government…
Nigeria has ended the era of “paper oil” by enforcing strict relinquishment rules for exploration licences. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that operators must now develop assets or lose them. This “drill-or-drop” provision, enshrined in Section 94 of the Petroleum Industry Act, targets companies that previously held blocks for decades without investment….
Nigeria’s tax landscape is undergoing a fundamental restructuring aimed at relieving low-income earners while tightening the net on high-net-worth individuals and corporate profits. Speaking at the 2026 BusinessDay Tax Conference in Lagos, Adesokan of the Joint Revenue Board (JRB) revealed that the reforms seek to stop “taxing poverty.” The new regime consolidates a fragmented library…
The National Insurance Commission (NAICOM) has commenced the rigorous verification of 20 insurance companies as the industry races toward a July 30, 2026, recapitalisation deadline. To ensure the process remains beyond reproach, the regulator has hired “Big Four” global firms, PricewaterhouseCoopers, KPMG, Deloitte, and Ernst & Young, to audit the financial standing of these firms….
Tehran’s military command has issued one of its starkest warnings since the outbreak of the US-Israeli war on Iran, declaring that it will block all oil shipments through the Strait of Hormuz destined for the United States, Israel and their allies, and warning that crude prices could climb to $200 per barrel. The declaration,…
