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
The naira has entered one of its calmest stretches since Nigeria floated the currency in 2023, holding within a narrow range against the dollar even as a gap between the official and parallel markets persists. The relative stability marks a sharp departure from the turbulence that followed the exchange rate reforms of the past…
The Apapa Command of the Nigeria Customs Service recorded a single-day revenue collection of 28.1 billion naira on Tuesday. The 24-hour haul marks the highest daily intake in the history of the premier port command. It easily eclipsed the previous daily peak of 20.1 billion naira set in September 2025. The record collection follows an…
Two of Nigeria’s biggest fuel marketing bodies have thrown their weight behind President Bola Tinubu’s pledge to revive the country’s state owned refineries, rejecting former President Olusegun Obasanjo’s verdict that the plants will never run profitably, in a dispute that turns on decades of heavy spending and repeated failure. The Independent Petroleum Marketers Association…
The Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public offering in Lagos. The deal locks in 600 million dollars in funded private placement from Lilium Capital Group alongside a 400 million dollar underwriting commitment. African industrial giants rarely test public capital markets on this scale. The transaction…
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…