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 competition watchdog has accused local cement manufacturers of manipulating market prices despite holding massive production surpluses. The Federal Competition and Consumer Protection Commission uncovered the price distortion following a three-month cross-border investigation. Retail prices for a 50-kilogramme bag climbed from roughly 9,500 naira in January to 15,000 naira by July. The price surge occurred…
The Nigerian Exchange Limited (NGX) closed lower on Monday, extending a bearish run that has now wiped value off the local bourse for a second consecutive session, as investors continued to offload banking and insurance stocks. The All-Share Index (ASI) shed 0.07 per cent to close at 242,454.65 points, down from 242,619.20 points at…
Financial sector disclosures across the Nigerian Exchange reveal a striking contradiction in the nation’s banking system. Despite reporting record earnings on the back of elevated interest rates and treasury yields, only six commercial banks declared substantial cash dividend payouts to their shareholders for the recent financial cycle. The vast majority of financial institutions chose instead…
The Office of the Tax Ombud (OTO) is set to launch a Taxpayer’s Bill of Rights and Obligations within the coming weeks, a move officials say will formalise the standards of fairness, transparency and accountability that taxpayers should expect from revenue authorities across Nigeria. The Tax Ombud and Chief Executive of the OTO, Dr…
Nigeria’s oil production lost some of the gains recorded in the first half of 2026, with average daily output falling from 1.74 million barrels in June to 1.67 million barrels in July, according to data from the Nigerian Upstream Petroleum Regulatory Commission. The four per cent monthly decline is significant, but the longer trend…
African airlines and global aviation bodies have formally rejected moves by governments to shift the cost of Advance Passenger Information and Passenger Name Record systems onto carriers and travellers, arguing that border security remains a core state responsibility that should be funded from national budgets. In a joint statement, the African Airlines Association, the…
The naira traded within a familiar, narrow band against the United States dollar on Wednesday, holding its recent run of relative calm in both the official and street markets even as retail demand kept the parallel rate above the ₦1,400 mark. Figures from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market, NFEM, placed…
Nigerian students seeking to turn business ideas into funded ventures now have a fresh window of opportunity, as the National Association of Nigerian Students (NANS) formally opened applications for the 2026 edition of its entrepreneurship initiative, NANSInnovate, at a time when the country’s swelling population of unemployed graduates has become one of its most…
Trading data released by the Nigerian Exchange Limited (NGX) for the week of 3 to 7 August 2026 shows that a small cluster of stockbroking firms continues to control the bulk of activity on the bourse, a pattern that mirrors the broader concentration already visible across Nigeria’s equities market this year. According to the…
Shareholders of Nigeria’s biggest lenders walked away from the 2025 financial year with a story of two markets. Six banks cleared the Central Bank of Nigeria’s eligibility test and pushed out a combined N1.27 trillion in dividends, according to findings published by Financial Vanguard. Five others, profitable on paper and in some cases record…