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 Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the petrol discount announced for Nigerian National Petroleum Company (NNPC) Retail stations does not amount to a return of fuel subsidy. Oyedele explained in a statement on Friday that NNPC Retail would fund the discount by reducing its profit margin rather…
Nigerian firms face an aggressive reckoning as the federal government prepares to turn unpaid taxes into expensive floating debt. Starting on 1 October 2026, corporate defaulters must pay an immediate 10 per cent statutory fine alongside daily interest charges linked directly to central bank lending rates. Finance Minister Taiwo Oyedele signed the directive under the…
The Federal Government has completed payment of N18.96 billion in outstanding pension arrears owed to former workers of the defunct Power Holding Company of Nigeria, closing a liability that had lingered for years under the Defined Benefit Scheme. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the final tranche…
Nigeria has launched an inter-ministerial panel in Abuja to rewrite the country’s Value Added Tax rules within six weeks. Finance Minister Taiwo Oyedele set the deadline during the committee’s formal inauguration, demanding a framework that settles persistent disputes over exemptions. The assignment compels officials to draft a new 2026 VAT Modification Order before the fiscal…
Nigeria saved 15.8 trillion naira from petrol subsidy removal and currency liberalisation between June 2023 and December 2025. Minister of Finance Taiwo Oyedele released the figures during a media briefing on the federal government’s reform scorecard in Abuja. The fiscal windfall mobilised critical liquidity across the three tiers of government. The Federal Government Reform Scorecard…
The Federation Account Allocation Committee has disbursed a record 3.007 trillion naira to Nigeria’s three tiers of government for July. The disbursement marks an 18 per cent jump from the 2.551 trillion naira shared the previous month. Financial chiefs gathered in Owerri, Imo State, to divide the swollen federation purse. Higher petroleum profits, company taxes,…
Nigeria’s monthly Federation Account allocations have climbed past N2 trillion, a level the Federal Government says was unthinkable before 2023, when states routinely struggled to meet salary obligations on allocations averaging between N300 billion and N600 billion. Minister of Finance and Coordinating Minister of the Economy, Prof Taiwo Oyedele, disclosed the figures on Monday…
Federal civil servants are threatening industrial action as public sector unions issue a firm deadline to the Finance Ministry over withheld allowances. The Joint National Public Service Negotiating Council has demanded an urgent audience with Finance Minister Taiwo Oyedele on or before August 11. Bureaucratic delays in Abuja continue to test worker patience. Unpaid wage…
The long running question of where Nigeria’s fuel subsidy savings have gone hardened into an open dispute on Thursday, as the Federal Government gave its most detailed account yet of how the money was spent and organised labour dismissed the explanation as unverifiable. Speaking at the 7th Africa Emerging Markets Forum in Abuja,…
Central Bank of Nigeria Governor Olayemi Cardoso and World Trade Organisation Director-General Ngozi Okonjo-Iweala will lead high-level discussions on structural reforms at the seventh Africa Emerging Markets Forum in Abuja. Hosted at the apex bank’s headquarters this week, the summit brings together finance ministers, central bank governors, and development partners from across the continent. The…