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
Commercial banks in Nigeria extend just 9.4 percent of the country’s Gross Domestic Product as credit to the private sector. The African Development Bank revealed the figure in its African Economic Outlook 2026 report, highlighting deep structural flaws in the domestic financial system. This low lending rate places Nigeria among the weakest performers among major…
Nearly seven in every ten businesses operating in Nigeria own or share private generators to stay afloat amid chronic electricity shortages, with power outages eroding about three per cent of their annual sales, according to fresh findings from the African Development Bank. The disclosure, contained in the AfDB’s 2026 African Economic Outlook report, paints…
Private investors and development finance institutions will provide up to 95 per cent of the funding for a newly established national aircraft leasing firm. Minister of Aviation and Aerospace Development Festus Keyamo disclosed the financing structure during an industry stakeholder meeting in Abuja. The newly approved corporate entity will operate strictly as a private sector-driven…
The African Development Bank Group has approved a 200 million dollar financing facility for the Bank of Industry to support private sector productivity across Nigeria. The sovereign-guaranteed loan provides medium- and long-term capital for local enterprises looking to expand operations. The credit injection targets critical domestic sectors, including transport infrastructure, agro-food processing, pharmaceuticals, and green…
The African Development Bank (AfDB) has unveiled the Integrated Aviation Transformation Programme, a continent-wide financing platform designed to turn surging passenger demand into sustainable profits. Presented at the Airlines, Capital and Connectivity Forum in Nairobi, the initiative seeks to mobilise long-term capital for a sector that remains paradoxically unprofitable. Despite Africa being home to 18…
