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 commercial banks trimmed their cash deposits with the Central Bank of Nigeria by 1.14 per cent to N82.99 trillion in August 2026, pulling back from the record N83.96 trillion parked in July. Fresh balance-sheet data from the apex bank shows lenders adjusted their short-term balances through the Standing Deposit Facility to pursue higher returns…
The Federal Government increased its domestic borrowing by 90.5 per cent to N24.7 trillion in the eight months to August 2026, crowding private businesses out of bank vaults across the country. The state borrowed just N12.98 trillion over the same stretch in 2025. President Bola Tinubu’s finance managers have already burned through 84.7 per cent…
The Central Bank of Nigeria drained trillions of naira from commercial vaults, driving the interbank overnight lending rate up to 22.20 per cent. Olayemi Cardoso continues his aggressive mop-up of banking cash to halt currency speculation and tame stubborn price rises. The apex bank sold N2.888 trillion in Open Market Operations bills in a single…
Nigeria’s stock market is approaching a major international milestone as global index provider FTSE Russell prepares to complete the final stage of the country’s return to the Frontier Market category, a move expected to reshape how global investors view Nigerian equities. The September 2026 review is particularly important because it will determine the final…
Nigeria’s equities market recorded one of its notable weeks for corporate actions as six listed companies admitted a combined 14.44 billion additional shares on the Nigerian Exchange (NGX), highlighting continued efforts by businesses to strengthen capital positions, restructure liabilities and meet evolving industry requirements. The supplementary listings, completed during the week ended September 4,…
The fund created to finance Nigeria’s gas infrastructure ambitions is facing fresh scrutiny after an audit uncovered financial discrepancies and compliance failures involving about N94.4bn, raising questions over revenue collection, transparency and accountability within one of the country’s strategic energy institutions. The findings involving the Midstream and Downstream Gas Infrastructure Fund (MDGIF) come at…
Nigeria’s headline economic expansion of 4.43 per cent in the second quarter of 2026 masks a severe collapse across the real industrial economy, the Manufacturers Association of Nigeria warned on Friday, 4 September 2026. Segun Ajayi-Kadir, director-general of the industrial lobby, cautioned that celebratory official statements hide deep structural rot inside domestic factories. Services now…
Uber Technologies announced its sudden exit from Nigeria and Uganda on Wednesday, 2 September 2026, ending a twelve-year run in Africa’s most populous nation. The San Francisco company told riders and drivers that operations would cease immediately, while customer support desks will close on 23 September. Chief Executive Dara Khosrowshahi is cutting 3,300 corporate jobs…
The Nigerian equities market extended its bullish run on Tuesday, 1 September 2026, adding N1.22 trillion to investors’ wealth as strong buying interest across key sectors pushed the benchmark index higher. The NGX All-Share Index rose by 0.77 per cent, or 1,883.24 points, to close at 246,082.63 points. This lifted the year-to-date return to…
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…