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
The end users are the worse for it when diesel continue to rise in an ailing economy. What are the implications on market forces? *** As the organised labour and the Federal Government continue their engagement on what the appropriate price of petroleum motor spirit (PMS), otherwise known as petrol should be, oil marketers in…
There are several opportunities inherent in Google’s investment in Nigeria’s digital economy, as internet connectivity turns the world into a global village. What are the accruable benefits? *** Global internet technology giants, Google has revealed at a recent Google for Africa event that it plans to invest $1 billion over the next five years to…
While Nigeria has experienced some growth in her GDP in the current year, the concrete parameters for measuring human development in the country remain puzzling and disheartening. *** The alluring yearning and possibility for a better life easily draws even economic pundits into the mire of an illusion that the real measure of a country’s…
When we mention Gross Domestic Product (GDP), we talk about the total market value of all goods and services produced in a country’s economy during a specified period (usually a year). It includes all final goods and services which are produced by the economic agents located in that country, regardless of their ownership, and can…
The phenomenon of digital currencies has assumed a wider dimension globally over the last decade with its attendant impact on commerce and the economy often dividing opinions on the subject. The growth in its adoption is partly attributed to massive expansions in the global Fintech industry and the unending search for newer digital investment frontiers,…
After more than two decades of endless national debates and stalemate, there is a new Petroleum Industry Act 2021 (PIA) in the country. The Act has provided a six-month transition period for the emergence of a fresh institutional framework for oil and gas operations in the country. Unsurprisingly, the newly promulgated PIA 2021 has continued…
In a landmark move, President Muhammadu Buhari recently signed the Petroleum Industry Bill (PIB) into law after it was transmitted to him from the National Assembly for executive assent. Some of the key objectives of the PIA (Petroleum Industry Act) include safeguarding the long-term macroeconomic stability of the country, reforming the extractive industry institutional framework,…
Nigeria’s inflation dropped by 0.37% to 17.38% in July 2021, from the 17.75% recorded in June 2021. This is according to the latest report of the National Bureau of Statistics (NBS). According to the Bureau, the decline in the Consumer Price Index (CPI), which measures the rate of change in prices of goods and services,…
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, recently stated that the rise in oil prices was hurting Nigeria, as the country relies heavily on fuel imports for its needs. Nigeria has four refineries with a combined nameplate capacity of 445,000 b/d, which are all offline after years of neglect,…
The World Bank recently reported that inflationary pressure in Nigeria has pushed about seven million Nigerians below the poverty line in 2020 alone. The revelation, which was contained in the bank’s latest report on Nigeria titled, ‘Nigeria Development Update: Resilience through Reforms’, was released about two weeks ago. The bank’s report also noted the capacity…