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
The Central Bank of Nigeria’s plan to raise N700 billion through Treasury Bills in September has drawn fresh attention to the government’s domestic borrowing strategy, the management of liquidity in the banking system and the direction of short term interest rates in Africa’s largest economy. The auction, scheduled as part of the third quarter…
Nigeria’s energy inflation dropped to 4.37 per cent in July, marking its lowest reading in four months, according to the latest NBS Consumer Price Index Report. The moderation in energy price growth helped pull down the headline inflation figure to 15.43 per cent. Cheaper domestic fuel supplies and steady foreign exchange rates softened pump prices…
The Nigerian Exchange Limited (NGX) closed lower on Monday, extending a bearish run that has now wiped value off the local bourse for a second consecutive session, as investors continued to offload banking and insurance stocks. The All-Share Index (ASI) shed 0.07 per cent to close at 242,454.65 points, down from 242,619.20 points at…
Nigerian private sector activity rebounded to its highest level in five months. The Nigerian Economic Summit Group reported that its Business Performance Index rose to 108.6 points in July 2026. A score above 100 signals expanding commercial activity. Local firms expanded output, boosted demand, and hired fresh workers despite mounting cost pressures. Solid earnings across…
Nigeria’s economy is on track for its fastest second-quarter expansion in five years, according to early macro nowcast estimates. The projected acceleration follows a solid opening-quarter performance that expanded by nearly four per cent year-on-year. Analysts attribute the momentum to easing inflation pressures, improved foreign exchange availability, and steady private sector demand. The agonising phase…
Nigerian sovereign Eurobonds extended their market recovery as international investors returned to dollar debt across emerging markets. Average yields fell to 6.95 per cent as buying interest across short and medium tenors lifted bond prices. Global markets are warming to Nigerian risk despite persistent economic uncertainties at home. Higher prices signal that global fund managers…
Former Vice President Atiku Abubakar has launched a blistering critique of President Bola Tinubu’s economic claims, insisting official statistics conceal widespread hardship. In a statement issued by his media aide Phrank Shaibu, the opposition leader argued that the macroeconomic recovery narrative collapses in the face of shuttered factories and hollowed-out family budgets. Polished charts do…
Nigeria’s steel paradox is as stark as it is familiar. A nation sitting on large iron ore deposits, generating scrap metal in industrial quantities and riding a construction boom still imports almost all the steel it consumes, draining an estimated four billion dollars from the economy every year. A newly published private framework…
The Federation Account Allocation Committee distributed an unprecedented 2.550 trillion Naira to Nigeria’s three tiers of government following a substantial surge in tax and oil receipts. The distribution represents a 10.9 per cent increase from the 2.300 trillion Naira shared in the preceding month. This fiscal windfall provides a temporary cushion for cash-strapped state governors…
Nigeria’s headline inflation rate slowed to 15.91 per cent in June, marking the first drop in three months. Data from the National Bureau of Statistics showed a microscopic decrease of 0.02 percentage points from the 15.93 per cent recorded in May. Central bank officials will likely view this marginal easing as a validation of their…