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 is seeking to replicate Indonesia’s leap into a $1.4 trillion economy as the Tinubu administration pursues its own $1 trillion target. Senator Abubakar Bagudu, the Minister of Budget and Economic Planning, revealed this strategy following a visit from the Indonesian Ambassador, Bambang Suharto, in Abuja. The government intends to weave Indonesian developmental lessons into…
The Central Bank of Nigeria (CBN) has declared the country’s development finance sector critically undersized and in urgent need of a total overhaul. Speaking at the World Bank’s Nigeria Development Update in Abuja, CBN Deputy Governor Mohammed Sani Abdullahi revealed a staggering ₦230 trillion financing gap for micro, small, and medium enterprises (MSMEs). Nigeria’s current…
Nigeria has effectively ended its era as a mono-product oil economy. New data from Quartus Economics reveals that between 2010 and 2024, the federation earned N161.1 trillion, with non-oil streams now providing the majority of government income. For the first time in decades, tax and non-oil revenues have eclipsed crude oil as the primary pillars…
Nigeria discards roughly 38 million tonnes of food each year, the highest volume of any African nation, according to data disclosed by the European Union during this year’s International Zero Waste Day commemoration in Abuja. The staggering figure has prompted urgent calls from the EU, Federal Government, and United Nations Industrial Development Organisation for…
Oil prices climbed on Monday as a fresh cycle of threats between Washington and Tehran dashed hopes for a diplomatic truce. President Donald Trump used his Truth Social platform to warn of an imminent strike on Iranian power plants and bridges. He demanded that Iran bow to his terms for reopening the Strait of Hormuz….
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has warned that Nigeria’s current economic trajectory is failing the poor. Speaking virtually at the Nigeria Business Summit 2026 in Lagos, Edun noted that while average yearly GDP growth has climbed from 2% to 4%, the uptick remains too shallow to lift millions…
The Nigeria Sovereign Investment Authority (NSIA) has reported a bruising 91% drop in annual profit, as the era of easy gains from naira devaluation came to an abrupt halt. Net income for the 2025 financial year fell to $107.03m, a staggering descent from the $1.24bn recorded in 2024. The state-owned fund, which manages Nigeria’s oil…
Africa loses $88 billion to illicit financial flows every year. Wale Edun, Nigeria’s Finance Minister, laid out this grim arithmetic at an African Union tax summit in Abuja. These vanished billions represent a direct theft from the continent’s schools, hospitals, and power grids. The minister argues that Africa can no longer beg or borrow its…
The Lagos State Internal Revenue Service (LIRS) has warned that March 31 remains the final statutory deadline for filing annual income tax returns. Despite the looming cut-off, a significant portion of the city’s workforce remains oblivious to the requirement. The agency clarified that filing “Form A” is a legal obligation for every taxable resident, including…
The Nigerian Ports Authority (NPA) has launched a multi-billion-naira rehabilitation of the Onne, Warri, and Calabar ports to decentralise maritime traffic. Abubakar Dantsoho, Managing Director of the NPA, confirmed the investment during the Enugu International Trade Fair. The agency aims to drive cargo to the eastern flank and ease the chronic congestion seen in Lagos….
