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
Ninety five kobo out of every naira the Federal Government spent servicing its domestic debt between January and March 2026 went into interest payments alone, a breakdown of the Debt Management Office’s latest quarterly returns shows, leaving barely a sliver of the N3.14 trillion outlay to actually reduce what the country owes. The DMO’s…
The Nigerian Communications Commission has initiated fresh enforcement proceedings against mobile network operators over persistent service failures. Regulatory officials issued pre-enforcement notices to firms failing key performance benchmarks across voice and data channels. The commission aims to end years of unpunished network drops and unexplained data depletion. Operators now face hefty financial penalties or mandatory…
Nigeria’s currency closed the trading week on a remarkably even keel, with the naira quoted at about ₦1,368.22 to the United States dollar at the Nigerian Foreign Exchange Market on Friday, August 7, 2026, a level that caps one of the longest stretches of exchange rate calm the country has seen since the market…
Nigeria’s petroleum regulator has moved to place the country’s fuel pricing culture under formal competition law, unveiling draft rules that would outlaw collusion, artificial scarcity and quiet coordination among operators in a market where pump prices have swung by hundreds of naira within single months. The Nigerian Midstream and Downstream Petroleum Regulatory Authority published…
Nigerian private sector activity rebounded to its highest level in five months. The Nigerian Economic Summit Group reported that its Business Performance Index rose to 108.6 points in July 2026. A score above 100 signals expanding commercial activity. Local firms expanded output, boosted demand, and hired fresh workers despite mounting cost pressures. Solid earnings across…
African telecom operators will spend $76bn on network hardware over five years. Industry lobby group GSMA expects capital expenditure to peak before 2030. Heavy private spending must boost coverage and service quality across the continent. Mobile networks currently contribute $240bn to African economic output annually. Capital investments drive regional digital expansion. Big corporate bets face…
Corporate Nigeria has just closed one of its most profitable six months on record, and the Presidency is claiming credit for it. What the underlying numbers show is a more complicated story of policy, price and timing. The claim came on Wednesday from Bayo Onanuga, Special Adviser to the President on Information and Strategy, who…
NAICOM issued fresh operating licences to 43 recapitalised insurance companies. Regulators purged fragile operators to rebuild public trust across the financial sector. Stronger balance sheets allow local underwriters to retain large commercial risks domestically. Capital requirements now shield policyholders against defaults. Higher capital standards signal a firm regulatory shift. Weak operators no longer hold valid…
Nigeria’s foreign exchange market pulled in two directions on Tuesday, as the naira weakened in the parallel market even while strengthening at the official window, reopening a spread that had been narrowing for much of the year. Figures reported by Vanguard showed the currency depreciating to N1,420 per dollar in the parallel market from N1,408…
The Nigeria Revenue Service has released comprehensive guidelines on the taxation of virtual assets, establishing a clear regulatory framework for cryptocurrency and other digital asset transactions under the Nigeria Tax Act 2025 and the Nigeria Tax Administration Act 2025. In a public notice issued on Monday, the agency said the new document provides an…