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
President Bola Tinubu will present the 2027 national budget proposal to a joint session of the National Assembly before the end of December. Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele confirmed the timeline in Abuja during an executive briefing on public finance targets. Federal authorities are rushing to preserve the January-to-December…
Nigeria’s decision to float the naira without building a solid local production base has wrecked household incomes and wiped out the middle class. Former Cross River State Governor Donald Duke delivered this assessment on Monday, arguing that market-driven exchange rates only work when backed by strong exports. Currency floats punish nations that rely heavily on…
Some Nigerian households spend as much as 120 per cent of their income on food, forcing them to borrow money or depend on relatives to survive, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. Oyedele made the disclosure at Chatham House in London, citing a government survey. “In fact,…
Brent crude climbed to 115.18 dollars per barrel on Friday, setting off immediate alarms across Nigeria’s fragile retail energy sector. Escalating conflict in the Middle East sparked panic among international buyers after drone strikes hit key Saudi Arabian energy hubs and disrupted shipping lines. War fears always rattle fuel markets. Domestic depot owners and the…
Nigerian commercial lenders pulled N537.6bn out of private sector loan books in September, demonstrating how quickly punishing cash reserves choke commerce despite official claims of monetary easing. Fresh money market figures from the Central Bank of Nigeria show that total credit to businesses and households dropped to N83.93trn, retreating from the N84.47trn recorded in August….
Nigeria’s average inflation rate will fall to 15.6 per cent this year and slow further to 14.7 per cent in 2027, the International Monetary Fund has projected. The forecast, contained in the Fund’s October 2026 World Economic Outlook, would be a marked drop from the estimated 23.0 per cent average recorded in 2025. Coronation Research,…
The Federal Government has rejected claims that its interest payments swallowed more than its entire revenue in the first half of 2026, insisting that figures drawn from the World Bank’s latest Nigeria Development Update give a distorted picture of the nation’s finances. In a statement issued on Sunday and shared on X by the…
The Federal Government, the 36 states and 774 local government councils have shared N2.428 trillion from the Federation Account for September 2026, with stronger oil receipts offsetting a fall in Value Added Tax and several other tax lines. The figure, approved at the October meeting of the Federation Account Allocation Committee in Abuja, is N90…
The International Monetary Fund warned Nigeria on Wednesday, 14 October, that restoring blanket petrol subsidies would bleed public finances and shower public funds onto the wealthy. Speaking at the fund’s annual meetings in Bangkok, Fiscal Affairs Director Rodrigo Valdés told finance ministers that shielding fuel prices from reality costs developing states up to 1.5 per…
Surging fuel bills and vanishing formal payrolls have trapped millions of employed Nigerians in severe poverty, reducing the legal minimum wage to a paper fiction across the country on Monday, 12 October. Even salaried workers now spend their entire earnings on basic transport and plain bread, leaving families destitute despite holding steady jobs. Real earnings…