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 Federal Government has paid N333 billion to clear verified legacy debts owed to eight electricity generation companies. The cash disbursement covers 17 individual power plants across the country under the Presidential Power Sector Financial Reforms Programme. State administrators finalized the payout to relieve severe illiquidity across the domestic power value chain. The transaction completes…
Nigeria’s public debt has become the most contested number in the country’s fiscal conversation, and the Federal Government moved on Monday to reclaim the narrative, telling senators that the widely repeated figure of N80 trillion in fresh borrowing under President Bola Tinubu is exaggerated and rooted more in accounting than in new loans….
The N2.550 trillion that landed in the coffers of Nigeria’s three tiers of government for June carries a headline that is easy to read and a subplot that is far more consequential. The distributable sum, shared at the July meeting of the Federation Account Allocation Committee (FAAC) in Abuja, marks the highest monthly payout…
Nigeria parted with almost a billion dollars to keep its foreign creditors satisfied within the opening two months of 2026, a fresh sign that the weight of external obligations is pressing harder on the country’s finances even as macroeconomic indicators show tentative signs of steadying. Figures drawn from the Central Bank of Nigeria’s February…
The Federal Government has moved to shut down a fast spreading narrative that it quietly spent trillions of naira outside the approved budget, insisting that reports crediting the claim to the International Monetary Fund misrepresent what the Fund actually said. The pushback came on Sunday in a statement from the Minister of Finance and…
Nigeria is still falling significantly short of its statutory tax revenue targets despite the implementation of extensive fiscal adjustments. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the ongoing deficit during a courtesy visit in Abuja on Thursday. The minister hosted the leadership of the Chartered Institute of Taxation of Nigeria…
The International Monetary Fund has cautioned the Federal Government over its proposed 5 billion dollar structured financing agreement with the First Abu Dhabi Bank. Christian Ebeke, the fund’s resident representative in Nigeria, warned on Tuesday that the complex derivatives-based transaction carries severe hidden fiscal risks. Speaking during a media briefing on the 2026 Article IV…
The Federal Government has cleared more than 700 billion naira in verified debts owed to domestic contractors to inject immediate liquidity into the private sector. The massive fiscal release represents a coordinated effort by the treasury to settle long-standing obligations accumulated across various Ministries, Departments, and Agencies. Finance ministry records show that payment processing accelerated…
The Federal Government has slashed the maximum reimbursable imprest for ministers to 700,000 naira as part of a severe fiscal tightening campaign. This cash ceiling represents a key pillar of a new regulatory strategy designed to curb institutional waste across Ministries, Departments, and Agencies. The sharp reduction appeared in the 2026 Annual General Imprest Warrant…
Three years after a court order and months into contempt proceedings, the Socio-Economic Rights and Accountability Project (SERAP) has issued a fresh 48-hour ultimatum to the Federal Ministry of Finance, demanding full disclosure of all Nigerian contractors, subcontractors, consultants, and vendors who received payments under the controversial $460 million Abuja CCTV project. In a…