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 headline inflation rate rose to 15.38 per cent in March 2026, snapping a year-long easing trend and signalling renewed pressure on household budgets across the country. The National Bureau of Statistics disclosed the figures in its Consumer Price Index report released on Wednesday. The increase marks the first time the headline inflation rate…
Nigeria’s gross revenue reached a cumulative N84tn over the last three years, yet 41.1% of these earnings never reached the federation’s distribution pool. Findings from the World Bank’s latest Nigeria Development Update reveal that “pre-distribution deductions” are quietly hollowing out the treasury. While total earnings climbed to N37.44tn in 2025, the amount siphoned off for…
Monthly federal revenue has jumped from N711 billion in May 2023 to N3.635 trillion by September 2025, marking a 411.3 per cent increase under the current administration. Zacch Adedeji, Executive Chairman of the newly christened Nigeria Revenue Service (NRS), announced these figures during the inauguration of the agency’s 16-storey headquarters in Abuja. The growth reflects…
Nigeria’s all-commodity group import index rose by a marginal 0.11 per cent in the fourth quarter of 2025. Data released by the National Bureau of Statistics (NBS) on Tuesday attribute the uptick primarily to higher costs for paper-making materials, textiles, and mineral products. Simultaneously, the export price index increased by 0.12 per cent, driven by…
The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow by 4.3 per cent in 2027. This forecast, contained in the latest World Economic Outlook, represents a 0.2 per cent upgrade from the 4.1 per cent growth estimated for 2026. While the numbers suggest a domestic recovery, the IMF warned that global economic…
The Federal Government will use this week’s IMF and World Bank Spring Meetings in Washington, DC, to lobby for lower borrowing costs and fairer global financial terms. This diplomatic push comes as the escalating US–Israel–Iran conflict disrupts energy markets and tightens capital flows to emerging economies. Finance Minister Wale Edun aims to convince global lenders…
The Federal Government has triggered a sharp debate across Nigeria’s industrial landscape by slashing import tariffs on 127 items. A new fiscal policy, signed by Finance Minister Wale Edun, cuts duties on essential medicines, rice, and vehicles to ease the cost of living. While the move offers immediate relief to consumers, it has drawn fire…
Nigeria’s manufacturing sector bolstered the national treasury with over N2 trillion in tax contributions last year. Data from the National Bureau of Statistics show Value Added Tax (VAT) from factories reached N1.17 trillion, a 45% jump from 2024. Company Income Tax (CIT) followed a similar path, rising by a third to N881 billion. These figures…
Taiwo Oyedele, the Minister of State for Finance, has admitted that the nation’s recently enacted tax reform laws contain significant errors. Speaking at a legal conference in early 2026, he blamed manual drafting processes and multiple review stages for the discrepancies. This admission follows months of confusion and allegations that the public versions of the…
The World Bank has reported that poverty in Nigeria climbed to 63 percent in 2025, affecting an estimated 140 million people, even as headline inflation declined sharply from 34.80 percent in December 2024 to 15.15 percent in December 2025. The report shows poverty rising steadily from 56 percent in 2023 to 61 percent in…