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 banking system is expanding at a breakneck pace that defies traditional economic logic. Credit to the private sector reached a record N94.61tn in February. Simultaneously, government borrowing climbed to N39.36tn. Usually, heavy state borrowing crowds out private companies. Today, both are feasting on bank balance sheets at the same time. This dual surge suggests…
Nigeria’s electricity distribution companies are learning a hard lesson in diminishing returns. Data from the Nigerian Electricity Regulatory Commission shows that improved operational efficiency failed to stop a revenue slide in February. The sector received 17.64% more energy by value than in January, yet total billings dropped by nearly 10%. This gap suggests that while…
Nigeria’s domestic aviation sector remains under pressure as airlines continue operations despite renewed threats of a shutdown over rising jet fuel costs, highlighting deep tensions between global oil shocks and local pricing realities. Carriers under the Airline Operators of Nigeria had warned of a possible suspension of services, yet flight data shows key…
The Central Bank of Nigeria is shifting its focus from bank balance sheets to the character of the men and women who run them. Governor Olayemi Cardoso told a Lagos audience on Thursday that higher capital is useless without boardroom discipline. He made it clear that the era of regulatory leniency is over. The apex…
Nigeria’s evolving opposition landscape took a new turn on Thursday as the Peoples Redemption Party confirmed the defection of former Labour Party vice-presidential candidate, Yusuf Baba-Ahmed, describing the move as a strategic boost to its reform agenda. In a statement issued in Abuja, the party’s National Publicity Secretary, Muhammed Ishaq, said Baba-Ahmed’s entry…
Nigeria wants to outlaw the habit of dumping development plans whenever a new president takes office. The House of Representatives passed a bill through its second reading on Wednesday to create a 50-year national economic framework. This law would bind future governments to a single set of goals from 2026 until 2076. Lawmakers believe a…
The National Bureau of Statistics reports that average retail petrol prices fell by 15.6 per cent year-on-year by February 2026. Data confirms the average cost reached ₦1,051.47, down from ₦1,245.80 in February 2025. This annual decline suggests a slight cooling in the downstream oil sector since the shock of the 2023 subsidy removal. Yet, the…
Billions of dollars in rehabilitation contracts and a decades-long search for efficiency have failed to shift former President Olusegun Obasanjo’s conviction that Nigeria’s state-owned refineries are beyond repair. As the Nigerian National Petroleum Company (NNPC) Limited pushes toward a June 2026 deadline to secure technical partners for the Port Harcourt, Warri, and Kaduna facilities,…
Taiwo Oyedele has officially taken the helm as Nigeria’s Minister of Finance and Coordinating Minister of the Economy. He succeeds Wale Edun following a formal handover ceremony held in Abuja on Thursday. The transition aligns with the timeline established by President Bola Ahmed Tinubu for the cabinet reshuffle. Ministry officials confirmed the orderly completion of…
The Central Bank of Nigeria (CBN) has released an exposure draft of the “Guide to Charges by Banks and Other Financial Institutions, 2026,” proposing a rise in the cost of ATM card issuance and replacement. If finalized, the fee for standard debit and credit cards will climb to ₦1,500, a 50 per cent increase from…