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
An Abuja federal high court on Monday 21 June 2021 ordered oil giant, ExxonMobil and the Nigerian National Petroleum Corporation (NNPC), its Joint venture partner to pay a cumulative sum of N81.9 billion to Ibeno communities in Akwa Ibom as damages for oil spillage. This amount, according to the presiding judge, Justice Taiwo Taiwo must…
Some governors from the opposition party, after a recent meeting in Uyo, have raised alarm over what they call Nigeria’s rising debt profile. The grumbling governors were raising an alarm that Nigeria’s debt to GDP ratio is becoming very unhealthy. The debt to GDP ratio is defined as a benchmark that compares “a country’s public…
Fraud in the banking sector isn’t a new phenomenon neither is it peculiar to any nation. It affects all nations in all the continents of the world. Nigeria’s banking sector has faced a lot of crises and failures, which can be traced back to the 1930s. During this time, all indigenous banks, except the National…
The high cost of governance in Nigeria has become a very disturbing phenomenon and has been widely acknowledged by many as one of the country’s most niggling problems. Regrettably, for one inconsequential reason or the other, many state actors at all levels in Nigeria do not seem to understand the importance and expediency of cutting…
A recent report from the Nigeria Inter-Bank Settlement System (NIBSS) reveal that Nigerians transacted over N20 trillion instant payment transactions in May 2021. Transactions in May 2021 were 0.15% higher than in April 2021. Instant payment transactions in May 2021 also showed a spending recovery from the month of April. The volume of transactions increased…
The emergence of the COVID-19 pandemic has been disastrous for all economies around the world including Nigeria. The downturn in the Nigerian economy precedes the epidemic, however, as GDP per head has been on the descent since 2015. Presently, everything is now very expensive. Inflation is as high as 18%, while food is at 23%….
President Muhammadu Buhari on Thursday, June 10 2021 launched the Lagos-Ibadan railway project’s commercial operations at the Mobolaji Johnson Railway Station in Ebute Metta, Lagos, The President hailed the achievement as “another landmark in this administration’s drive to revitalize the railway system and establish it as a preferred mode of transportation for both passengers and…
A few days ago, news broke out that the Nigerian National Petroleum Corporation (NNPC) has moved to acquire 20 per cent stake in the 650,000 barrels per day from Dangote Refinery in Lagos. The corporation in a follow-up statement signed by its Group General Manager Group Public Affairs Division, Dr Kennie Obateru explained that the…
The first half of President Buhari’s second term ended last week 29 May 2021. Government officials and economic analysts have been using various platforms to evaluate the country’s economic performance while proffering solutions on ways the economy can make better progress. It is remarkable to note that despite the threatening impact of COVID-19 and other…
Recently, Nigeria’s number one multinational oil giant, Shell revealed its intention to withdraw from Nigeria’s onshore oil sector. Analysts believe this can compound the economic challenges of Nigeria’s mono-product economy. Making this known Shell’s CEO, Van Beurden, said his organisation was in talks with the Nigerian government to work out how to drop its onshore…