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 posted a merchandise trade surplus of N12.59 trillion in the second quarter of 2026, widening its trade balance by 67 per cent as foreign crude sales surged and local refining curtailed fuel import bills. Fresh balance-of-trade numbers released by the National Bureau of Statistics in Abuja on Monday reveal that total exports jumped to…
Nigeria’s external reserves crossed the $54 billion threshold to reach $54.08 billion on 3 September 2026, marking an eighteen-year high for the national treasury. Fresh balance-sheet data published by the Central Bank of Nigeria shows a gain of $12.58 billion over the past twelve months, reflecting a 30.3 per cent year-on-year surge from $41.50 billion…
Twelve outgoing Nigerian state governors will leave behind an aggregate debt mountain of roughly N5.3tn as their constitutional tenures expire in 2027 and early 2028. Official records from the Debt Management Office show that these twelve subnational administrations held N2.16tn in local obligations by the first quarter of 2026, alongside $2.33bn in foreign loans. The…
Nigerian commercial banks pushed N83.43 trillion into private enterprise balances by the end of July 2026, setting a fresh credit record despite punishing interest rates. Fresh numbers from the Central Bank of Nigeria show that total private credit swelled by N2.84 trillion across the three months from April. The expansion marks a 3.52 per cent…
Nigeria’s economy expanded by 4.43 per cent year-on-year in the second quarter of 2026, marking its strongest quarterly performance in five years. Fresh Gross Domestic Product figures from the National Bureau of Statistics reveal that smaller, capital-light niches outpaced traditional heavyweight industries to drive headline momentum. Coal mining staged the sharpest reversal on the board,…
Nigeria’s economy recorded its strongest quarterly expansion in recent periods as improved activity in services, agriculture and oil production pushed real Gross Domestic Product growth to 4.43 per cent in the second quarter of 2026, although analysts warned that weaker industrial performance remains a major obstacle to broader economic recovery. The latest figures from…
Nigeria’s agricultural sector expanded by 4.39 per cent in the second quarter of 2026, nearly doubling its previous growth pace despite widespread rural insecurity. Data from the National Bureau of Statistics shows the sector outpaced its 2.82 per cent expansion recorded in the corresponding quarter of 2025. The surprise rebound helped push broader national economic…
Nigeria drew $947 million in formal diaspora remittances in July 2026, bringing the country within striking distance of its $1 billion monthly goal. The Central Bank of Nigeria confirmed that inflows through licensed money operators climbed to $3.8 billion during the first seven months of the year. That total marks a 50.2 per cent jump…
Dangote Petroleum Refinery and Petrochemicals has said continued petrol import licences are making it harder to plan for the Nigerian market and are pushing more of its output into export, even though it maintains that it can meet and exceed domestic demand. The company said imported Premium Motor Spirit accounted for about 43 per…
Fourteen years after the landmark Stephen Oronsaye Committee recommended a sweeping cull of federal parastatals, the Nigerian government has effectively abandoned its promises of administrative austerity. Official spending figures reveal that newly created ministries, departments, and agencies have added at least N1.13 trillion to the federal budget in 2026 alone. Rather than reducing the cost…