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
West African crude oil sank to its deepest pricing discount in over ten years on Thursday, 8 October 2026, as climbing maritime shipping charges and sluggish industrial demand across Asia crushed bids for regional shipments. Physical traders handling Nigerian and Angolan export grades cut spot offers to historically low levels against Dated Brent after S&P…
Nigeria and China agreed to deepen tourism cooperation during high-level bilateral talks in Beijing over the weekend. The Nigerian Tourism Development Authority and the China Tourism Academy sealed the pact to draw more Chinese travellers to West Africa. NTDA Director-General Ola Awakan pitched a structured China-Nigeria Tourism Market Development Programme to study Chinese traveller habits…
Japan has committed 20 billion naira to expand and rebuild parts of Nigeria’s national electricity grid in Lagos. The Japan International Cooperation Agency will direct the 2.35 billion yen grant toward the Apapa transmission substation. The commercial capital continues to suffer from chronic blackouts caused by decaying switchgear and soaring consumer demand. The fresh funding…
The African Continental Free Trade Area Secretariat has adopted Nigeria’s Public-Private Partnership model to drive a continent-wide 3.1 billion dollar customs modernisation programme. Trade officials announced the agreement following high-level summits in Abuja aimed at eliminating physical trade barriers across member states. The strategy replicates Nigeria’s Trade Modernisation Project, which uses private capital to overhaul…
Nigeria parted with almost a billion dollars to keep its foreign creditors satisfied within the opening two months of 2026, a fresh sign that the weight of external obligations is pressing harder on the country’s finances even as macroeconomic indicators show tentative signs of steadying. Figures drawn from the Central Bank of Nigeria’s February…
Nigeria’s trade volume with other African nations reached $9.02 billion in 2025, representing a 21% annual increase. Fresh data highlights the expanding influence of the African Continental Free Trade Area agreement on local commerce. Reduced tariff barriers have allowed local manufacturers to penetrate previously restricted regional markets. The surge helps diversify foreign earnings away from…
The Malaysian Palm Oil Council is pursuing strategic local partnerships to fill Nigeria’s expanding supply deficit. Broad industrial growth and household consumption continue to outpace domestic refinery output. Malaysian trade officials see Nigeria as a crucial hub for regional expansion. Local production remains severely constrained by a lack of capital and infrastructure. The planned alliances…
Global energy markets face immediate downward pressure after a breakthrough agreement in the Middle East. Brent crude plunged below the critical threshold of 80 dollars a barrel on Tuesday. Investors rapidly unloaded contracts following news of a diplomatic breakthrough between the United States and Iran. This sudden sell-off reflects a sharp drop in the geopolitical…
The United States government has unveiled a sweeping tariff proposal targeting imported commodities from 58 developing nations, including Nigeria and South Africa. The protectionist policy framework aims to recalibrate bilateral trade imbalances and protect domestic American manufacturing interests from foreign competition. If implemented, the levies will slap new duties on critical agricultural products, solid minerals,…
Nigeria and Liberia intend to pool their maritime resources to expand economic opportunities and train young sailors. Dayo Mobereola, the head of the Nigerian Maritime Administration and Safety Agency, hosted the Liberian Envoy, Dapo Akinosun, in Lagos to finalize the details. Both nations want to secure a larger share of the global shipping market by…