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
Nigerian crude oil supplied nearly four out of every five barrels processed by the Dangote Petroleum Refinery between May and June 2026, according to the plant’s own cargo discharge and pricing records, a pattern that firmly reestablishes the country as the dominant feedstock source for the 650,000 barrels per day facility in Lekki. An…
The federal government has initiated a sweeping policy to eliminate multiple business registrations across public regulatory frameworks. Spearheaded by the Presidential Committee on Fiscal Policy and Tax Reform, the directive seeks to merge redundant identity protocols into a single network. Under the new legal mandate, the National Identification Number for citizens and the Corporate Affairs…
South African investors moved $983.83m into Nigeria between January and March 2026, even as anti migrant violence in South Africa forced hundreds of Nigerians to flee home, fresh figures from the National Bureau of Statistics (NBS) show, pointing to a commercial relationship that has held firm while the diplomatic one frays. According to…
Nigeria’s fiscal managers have thrown open the debt taps at a pace not seen in recent memory, moving early and aggressively into the domestic market to raise cash before borrowing costs climb any higher. The strategy, described in the latest Fixed Income Thematic Report by Meristem Securities Limited, points to a government determined to…
Higher crude flows failed to lift the bottom line for the Nigerian National Petroleum Company Limited in May 2026, as the state oil firm recorded a profit after tax of N462 billion, down from the N481 billion posted in April, despite pumping its most crude in nearly a year. The company’s Monthly Report Summary…
African governments are systematically rewriting the extractive bargain by demanding local processing of their natural resources. From Kenya to Ghana and Mali, states increasingly insist that critical minerals undergo domestic refinement before export. This policy shift targets rare earths, lithium, graphite, copper, and nickel. The global energy transition has triggered an insatiable demand for these…
Petroleum marketers in Nigeria have come under fresh pressure from the Federal Government to lower pump prices, with the authorities insisting that falling crude oil costs must reach ordinary consumers rather than enrich operators in the deregulated downstream market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, issued the directive in Abuja…
The Central Bank of Nigeria has issued strict new rules governing financial holding companies. The revised regulatory exposure draft aims to aggressively ring-fence core banking assets from speculative corporate ventures. This structural intervention will force Tier-1 banking groups to raise an estimated N326 billion in fresh capital buffers. Institutional investors must now urgently re-evaluate their…
The maximum lending rate charged by Nigerian commercial banks softened marginally to 34.78% in May. Data from the Central Bank of Nigeria reveals a slight retreat from the 35.17% recorded in April. This moderate decline offers minor relief to highly leveraged corporate borrowers. Despite the drop, structural cost pressures remain exceptionally high across the domestic…
Africa’s largest electrification drive has crossed a defining threshold, with the World Bank Group and the African Development Bank announcing that their joint Mission 300 initiative has connected more than 50 million people to electricity across 40 countries, even as Nigeria, home to the world’s biggest power access deficit, accounts for over 4.5 million…
