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 Nigerian stock market abruptly snapped its months-long upward trajectory last week as aggressive profit-taking wiped billions off equity valuations. Total market capitalisation on the Nigerian Exchange Limited plummeted by over 4.91 trillion naira within a five-day trading window. This sharp reversal forced the aggregate value of listed equities down to 155.59 trillion naira from…
The Nigerian Exchange Group is positioning the upcoming initial public offering of the Dangote Petroleum Refinery as a continental investment opportunity rather than a local affair. Group Chairman Umaru Kwairanga disclosed the cross-border listing strategy on Friday at the London Africa Summit. To broaden institutional participation, the exchange has already commenced formal engagements with multiple…
An aggressive wave of profit-taking wiped 5.15 trillion naira off the Nigerian Exchange in just four trading days. The sharp equity contraction marks a brutal start to June for domestic and foreign portfolio investors. Widespread sell-offs targeted previously resilient blue-chip corporations, dragging the market capitalisation down to 155.36 trillion naira. The sudden downturn ended a…
Nigerian Exchange Group has urged the Central Bank of Nigeria to integrate capital market development directly into its monetary policy framework. Temi Popoola, the chief executive officer of the group, argued that monetary decisions must treat the capital market as a macroeconomic necessity. He noted that the central bank cannot achieve its policy goals without…
Nigerian stocks extended their upward trajectory in May as corporate earnings reports triggered a fresh wave of domestic buying. Data from the Nigerian Exchange Limited showed equity investors accumulated over N4.514 trillion in capital gains during the month. The market also staged a swift recovery from its late-May wobble. It reclaimed N431 billion in total…
Investors on the Nigerian Exchange fled the equity market on Tuesday, wiping N1.347tn off total valuations in a single session. This sharp contraction stems from a coordinated exit from bellwether stocks that usually anchor the index. Large-cap heavyweights like MTN Nigeria and Aradel Holdings led the retreat, forcing the All-Share Index down to 241,750.15 points….
The Michael Okpara University of Agriculture, Umudike (MOUAU) in Abia State is set to become a hub for livestock innovation following a ₦300 million investment from the World Bank. The funding, provided through the Livestock Productivity and Resilience Support Project (L-PRES), is dedicated to establishing an Animal Feed Reference Laboratory. This initiative aims to modernize…
Foreign portfolio investment flowing into Nigeria’s stock market surged by 39.4% in February 2026, rising to N66.71 billion from N47.86 billion recorded in the same period of 2025, according to data released by the Nigerian Exchange Limited. The NGX report, released on Wednesday, shows a broad uptick in market activity, with total transactions at…
