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 Stakes $50bn Offshore Bet On New Deep Water Tax Order Nigeria is pinning fresh hopes on its deep offshore fields to lift crude output and shore up strained public finances, after President Bola Tinubu approved a tax incentive that the upstream regulator says could draw as much as $50 billion in investment and add…
Nigeria’s state-owned energy company has recorded a sharp rise in its financial fortunes. The Nigerian National Petroleum Company Limited generated N4.971 trillion in revenue for April 2026, marking a 79.23 per cent surge from the previous month. This significant rebound follows a relatively sluggish March performance, where revenue sat at N2.774 trillion. The latest monthly…
Nigeria has failed to meet its oil production target for the ninth consecutive month. Fresh data from the upstream regulator shows the country pumped 1.49 million barrels per day in April. This falls just short of the 1.5 million barrels promised to OPEC. While the volume represents an improvement over March, it confirms a stubborn…
The Nigerian National Petroleum Company Limited (NNPCL) has reported a decline in oil production for February 2026, even as monthly revenues saw a modest increase. Output fell to 1.51 million barrels per day (mbpd), a notable slide from the 1.64 mbpd achieved in January. This dip highlights the persistent volatility in Nigeria’s upstream sector despite…
Nigeria’s economy closed 2025 on a high note, recording a real GDP growth of 4.07% in the fourth quarter. Data released by the National Bureau of Statistics (NBS) shows a steady acceleration from the 3.76% seen during the same period in 2024. The services sector remains the undisputed engine of this expansion, accounting for nearly…
Nigeria’s energy and maritime landscape is set for a major shift as President Bola Tinubu has approved the commencement of commercial oil drilling in Ogun State, officially positioning the state as an emerging oil-producing hub. Ogun State Governor, Dapo Abiodun, disclosed the approval on Thursday during a courtesy visit by the Flag Officer Commanding, Western…