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 headline economic expansion of 4.43 per cent in the second quarter of 2026 masks a severe collapse across the real industrial economy, the Manufacturers Association of Nigeria warned on Friday, 4 September 2026. Segun Ajayi-Kadir, director-general of the industrial lobby, cautioned that celebratory official statements hide deep structural rot inside domestic factories. Services now…
Uber Technologies announced its sudden exit from Nigeria and Uganda on Wednesday, 2 September 2026, ending a twelve-year run in Africa’s most populous nation. The San Francisco company told riders and drivers that operations would cease immediately, while customer support desks will close on 23 September. Chief Executive Dara Khosrowshahi is cutting 3,300 corporate jobs…
The Nigerian equities market extended its bullish run on Tuesday, 1 September 2026, adding N1.22 trillion to investors’ wealth as strong buying interest across key sectors pushed the benchmark index higher. The NGX All-Share Index rose by 0.77 per cent, or 1,883.24 points, to close at 246,082.63 points. This lifted the year-to-date return to…
The Central Bank of Nigeria’s plan to raise N700 billion through Treasury Bills in September has drawn fresh attention to the government’s domestic borrowing strategy, the management of liquidity in the banking system and the direction of short term interest rates in Africa’s largest economy. The auction, scheduled as part of the third quarter…
The United States Embassy in Abuja clarified on Monday, 31 August 2026, that its consular section continues to process diplomatic and official visas despite the suspension of routine visa interviews in the federal capital. American consular officials confirmed that qualifying state emissaries, international civil servants, and official transit delegations can still submit applications directly at…
Nigeria’s petrol market is entering a new phase of competition as rising imports challenge domestic refining capacity, with Dangote Petroleum Refinery now considering restricting supplies to major marketers that continue to import Premium Motor Spirit. The proposed restriction, which could begin this week subject to further consultations, comes after imported petrol accounted for about 43.3…
Quarterly contributions into Nigeria’s Personal Pension Plan rose 42.46 per cent to N147.16 million in the first quarter of 2026, according to the National Pension Commission. Total assets under the informal savings vehicle reached N1.36 billion by March, expanding the total national pension pot to N31.32 trillion. Yet this headline cash growth masks a massive…
Nigeria’s petrol market is showing a sharp reversal after months of declining dependence on imported fuel, with new regulatory data showing that imports accounted for 43.3 per cent of petrol receipts in July 2026, even as the country’s largest refinery had demonstrated the capacity to process more than its original design level. The latest…
Nigeria’s formal remittance inflows climbed to a record $947 million in July 2026, bringing the country within $53 million of the Central Bank of Nigeria’s monthly $1 billion target and highlighting a sharp increase in the amount of diaspora money entering through official channels. The latest figure, disclosed by the CBN, is the highest monthly…
Sustained profit-taking on the Nigerian Exchange on Wednesday cut N259.77 billion from investors’ wealth, as the All-Share Index fell 0.17 per cent to 238,682.92 points. Market capitalisation closed at N154.14 trillion, down from N154.40 trillion in the previous session. The decline extended the month-to-date loss to about 2.7 per cent, while the year-to-date return…