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 domestic refineries turned sharply to foreign crude in July, buying 5.13 million barrels from abroad, a 151.5 per cent jump from the 2.04 million barrels imported in June, as local deliveries to the plants weakened once more. The figures, contained in the July 2026 Midstream and Downstream Statistics of the Nigerian Midstream and…
Nigeria’s foreign exchange market has recorded its busiest week of 2026, with total turnover jumping 146.12 per cent to about 5.05 billion dollars in the week ended 21 August 2026, a level that points to steadily improving dollar liquidity in the official window and growing confidence in the naira. Data from FMDQ Securities Exchange…
Nineteen petroleum concessions in Nigeria’s upstream sector carry stated expiry dates falling within 2026, according to the latest Concession Situation Report of the Nigerian Upstream Petroleum Regulatory Commission, a disclosure that places fresh attention on the regulator’s drive to reclaim idle acreage even as national output climbs towards a six year high. The report,…
The Nigerian National Petroleum Company Limited and its international partners took a major step toward developing the $21 billion Bonga Southwest/Aparo deepwater project on Monday, 24 August 2026. State oil executives met in Abuja with representatives from Shell, ExxonMobil’s Esso exploration unit, and Eni’s Agip subsidiary to sign addenda to the Oil Mining Lease 118…
Nigeria’s local petrol production fell for a second consecutive month in July 2026, sliding to its lowest level this year and pulling the country back towards the fuel imports that the Dangote refinery was expected to displace. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, showed that average daily petrol supply…
The soaring cost of cement has reopened one of Nigeria’s oldest housing debates, with built environment experts insisting that the country can no longer afford to treat imported and cement based construction as the only route to putting roofs over people’s heads. A 50 kilogramme bag of cement now sells for as much as…
Nigeria’s equities market has pulled back from the record highs it set earlier in August, as investors lock in gains from one of the strongest rallies the Nigerian Exchange has recorded in years. Even after a run of losing sessions, however, the market remains far ahead of where it started the year, leaving analysts…
Nigeria’s segment of the stock market reserved for young, fast-growing companies has recorded its strongest year yet, a performance that is changing how ambitious businesses think about raising money. The NGX Growth Index, which tracks companies listed on the Growth Board of Nigerian Exchange Limited, rose 257.81 per cent in 2025, climbing from 7,762.86…
Nigeria deployed 2,099 active drilling rigs between 2016 and 2026, yet total crude output remains stubbornly flat. Data from the Organisation of Petroleum Exporting Countries shows that billions of dollars in offshore drilling campaigns failed to lift daily production. Upstream operators spent massive capital maintaining mature fields that lose pressure each year. Annual rig deployments…
The National Industrial Court of Nigeria in Abuja has refused an application to halt the national delegates conference and leadership election of the Petroleum and Natural Gas Senior Staff Association of Nigeria. Presiding judge Justice M.A. Hamza declined to grant an interim restraining order that would have frozen the planned succession timetable. The court granted…