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
Nigerian technology startups suffered a brutal liquidity freeze in September 2026 as total funding collapsed by 96.9 per cent to $11.3 million. Data from Nairametrics shows local founders raised $352.8 million less than the $364.1 million secured across twenty transactions in August. The steep contraction reflects an abrupt absence of mega-rounds, exposing the underlying fragility…
Nigeria received a record $1.57bn in diaspora remittances through International Money Transfer Operators in the second quarter of 2026, the highest quarterly inflow in the available data series stretching back to 2019, according to the Central Bank of Nigeria’s Q2 2026 Statistical Bulletin. The figure represents a rise of about 33 per cent from…
Nigeria’s net foreign exchange flows rose to $22.50 billion in the second quarter of 2026, the strongest quarterly figure since the final quarter of 2019. Central Bank of Nigeria data show the net position improved by 5.5 per cent from $21.33 billion in the first quarter. The gain came mainly from a sharper reduction in…
The Nigerian equities market closed the past week lower as profit-taking intensified, with share prices of 55 companies falling against gains in only 20 stocks on the Nigerian Exchange Limited. Market capitalisation dropped by more than N206 billion to settle at N160.519 trillion, from N160.725 trillion the previous week. The All-Share Index also eased to…
Loans from commercial lenders to Nigerian factory operators plummeted by 26.8 per cent to 5.19 trillion naira during the first half of 2026. The latest quarterly bulletin from the Central Bank of Nigeria reveals that commercial financiers pulled nearly two trillion naira out of industrial shop floors in twelve months. Tight money starves local manufacturing….
Central Bank of Nigeria Governor Olayemi Cardoso gathered bankers, fintech founders, and commercial traders at the Pan Pacific Beijing this week to dismantle the chronic payment bottlenecks choking trade with China. Nigerian merchants buy billions of pounds worth of manufactured goods from Chinese suppliers every single year, yet still endure circuitous, third-party dollar clearing routes…
The Central Bank of Nigeria granted formal preliminary approval on 23 October to JPMorgan Chase to establish a full merchant bank in Lagos, marking an unmistakable financial triumph for Abuja. This preliminary concession rewards the American banking titan for lodging a 50bn naira deposit in the capital and signals a rare vote of foreign confidence…
Finance Minister Taiwo Oyedele has warned that merely considering a return to petrol subsidy could push the naira to between N3,000 and N4,000 per dollar, triggering capital flight and worsening the cost-of-living crisis. He spoke at a press briefing after the IMF and World Bank annual meetings in Bangkok, where he said financial markets had…
Nigerian equities fell for a third consecutive week despite headline inflation easing for a fourth straight month, a divergence that points to profit-taking rather than any reappraisal of the macroeconomic outlook. The benchmark All-Share Index shed 0.33 per cent week-on-week to close at 247,539.73 points last Friday, down from 248,363.55 points a week earlier….
A high-pressure gas pipeline blew apart in the Aleto community within Rivers State on Thursday, leaving several residents injured and shattering commercial properties across the Eleme industrial corridor. The state oil firm, Nigerian National Petroleum Company Limited, confirmed the disaster on Friday after emergency crews shut isolation valves along the damaged network to cut off…