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 National Emergency Management Agency (NEMA) has issued a nationwide alert following a sharp rise in temperatures and persistent heatwave conditions across Nigeria. Citing recent forecasts from the Nigerian Meteorological Agency (NiMet), NEMA’s Director-General, Mrs Zubaida Umar, warned that extreme heat is significantly increasing the risk of accidental fires. The agency noted that elevated temperatures…
Henry Nwosu, the gifted midfielder and youngest member of Nigeria’s 1980 Africa Cup of Nations winning squad, died early Saturday morning. He was 62. The national icon passed away at 4:00 a.m. at the Lagos State University Teaching Hospital (LASUTH), following five days in intensive care. Football legend Segun Odegbami, a former teammate, announced the…
The Central Bank of Nigeria (CBN) has announced a significant tightening of the Bank Verification Number (BVN) framework to combat the rise in digital financial crimes. Under new rules taking effect on 1 May 2026, the apex bank will limit phone number amendments linked to a BVN to a one-time change only. Furthermore, the regulator…
The Nigerian Naira concluded a week of steady gains on Friday, 13 March 2026, appreciating by 0.3% in the official market. Data from the Central Bank of Nigeria (CBN) showed the currency closed at N1,366.23 per dollar, up N5.27 for the week’s final trading session. This performance caps a five-day rally that began with the…
The Federation Account Allocation Committee (FAAC) has disbursed N1.894 trillion to Nigeria’s three tiers of government for February 2026. The distribution, approved during a meeting in Abuja on Friday, saw the Federal Government take N675.088 billion, while the 36 states shared N651.525 billion. The 774 local government councils received N456.467 billion. Although the total shared…
The Nigerian military has neutralised a high-value jihadist commander and 21 other insurgents in separate strikes across the north. Major General Michael Onoja, Director of Defence Media Operations, confirmed on Friday that troops killed Abu Yusu, the “Munzir” of Dursula, during a botched ISWAP raid in Yobe State. Meanwhile, a patrol in Benue State uncovered…
The Central Bank of Nigeria (CBN) has banned large-scale loan defaulters from accessing new credit and essential banking services. In a directive issued on 12 March 2026, the regulator ordered all financial institutions to immediately freeze the accounts of “large-ticket obligors” with non-performing loans. The move aims to instill credit discipline and protect the banking…
Nigeria has ended the era of “paper oil” by enforcing strict relinquishment rules for exploration licences. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that operators must now develop assets or lose them. This “drill-or-drop” provision, enshrined in Section 94 of the Petroleum Industry Act, targets companies that previously held blocks for decades without investment….
A Boeing 737-700 operated by Arik Air suffered extensive structural damage following a mid-air engine failure on 11 February 2026. A preliminary report by the Nigerian Safety Investigation Bureau (NSIB) reveals that at least 23 separate components were impacted when the Number 1 engine broke apart during a climb. The aircraft, registered as 5N-MJF, was…
Nigeria’s economy does not move in straight lines. It accelerates, stalls, pivots, and surprises. For institutional investors, portfolio managers, and FDI strategists operating in or around Africa’s largest economy, that unpredictability is not just a nuisance. It is a material risk. The question heading into 2026 is no longer whether Nigeria faces structural headwinds. It…
