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 energy inflation dropped to 4.37 per cent in July, marking its lowest reading in four months, according to the latest NBS Consumer Price Index Report. The moderation in energy price growth helped pull down the headline inflation figure to 15.43 per cent. Cheaper domestic fuel supplies and steady foreign exchange rates softened pump prices…
Nigeria saved 15.8 trillion naira from petrol subsidy removal and currency liberalisation between June 2023 and December 2025. Minister of Finance Taiwo Oyedele released the figures during a media briefing on the federal government’s reform scorecard in Abuja. The fiscal windfall mobilised critical liquidity across the three tiers of government. The Federal Government Reform Scorecard…
President Bola Tinubu has directed anti-graft agencies and financial regulators to redirect recovered illicit funds and unclaimed corporate dividends directly into the Nigerian Education Loan Fund. The fiscal intervention channels 50 billion naira in criminal forfeiture proceeds from the Economic and Financial Crimes Commission straight to student accounts. Presidency aides framed the move as an…
Urban rents across Nigeria rose by 33.8 per cent year-on-year, heaping fresh misery on salaried workers, according to the latest Nairametrics Housing Report. The surge in housing costs far outpaces nominal wage growth across major commercial centres like Lagos and Abuja. Landlords are passing on the soaring costs of cement, steel, and private diesel power…
Nigeria’s headline inflation slowed to 15.43 percent in July, extending a steady disinflationary run into its third month. Fresh data from the National Bureau of Statistics shows a 0.48 percentage point drop from the 15.91 percent recorded in June. The sharp deceleration beat private forecasts, which had placed the expected figure closer to 15.51 percent….
Headline inflation in Nigeria will likely fall to 15.51 percent in July. Independent econometric modelling from BusinessDay points to a gentle drop from the 15.91 percent recorded in June. If official data confirms this shift, price growth will mark a second straight month of cooling. Calmer foreign exchange markets and steadying supply chains helped tame…
Nigeria has turned the economic corner following months of tough fiscal reforms. Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, declared that the country has emerged from economic distress. Non-oil tax collections surged as new digital compliance systems caught evasive corporate taxpayers. Government coffers now reflect stronger domestic revenue streams across several critical sectors….
Nigeria’s National Economic Council approved a $4.5bn crude oil-backed loan refinancing deal to defend the naira. The new credit package replaces the $3.3bn pre-export finance deal from 2023 under Project Gazelle. The transaction allocates $1.5bn to settle existing obligations from the previous agreement. The central bank receives the remaining $3bn directly to rebuild national external…
Nigeria’s central bank governor now oversees $52.5bn in foreign reserves. Olayemi Cardoso cites market stability and disciplined monetary policy for the swift balance sheet repair. Gross reserves grew to cover eleven months of imports. Net external reserves jumped to $40bn from a perilous $3bn baseline. Foreign currency buffers now offer real defense against external economic…
Nigeria’s economy is on track for its fastest second-quarter expansion in five years, according to early macro nowcast estimates. The projected acceleration follows a solid opening-quarter performance that expanded by nearly four per cent year-on-year. Analysts attribute the momentum to easing inflation pressures, improved foreign exchange availability, and steady private sector demand. The agonising phase…