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 lenders are pulling back from the central bank’s safety net. Banks and merchant banks slashed their deposits with the Central Bank of Nigeria (CBN) by 28 per cent in April 2026. This retreat follows a decision by the Monetary Policy Committee to cut the headline interest rate to 26.5 per cent. Total deposits dropped…
The Central Bank of Nigeria has finally begun to coax cash back into the vaults. Fresh data show that currency outside banks (COB) fell for the second month straight, hitting N5.19 trillion in February 2026. This dip follows a long, stubborn climb where Nigerians seemed to prefer under-mattress storage to savings accounts. Bankers will view…
Nigeria has recorded an estimated oil revenue windfall of approximately N5.13 trillion within two months, as global crude prices surged sharply amid the escalating conflict between the United States and Iran, a development that has simultaneously delivered fiscal relief to the government and fresh economic hardship to ordinary citizens. International benchmark Brent crude…
Nigeria’s domestic aviation sector remains under pressure as airlines continue operations despite renewed threats of a shutdown over rising jet fuel costs, highlighting deep tensions between global oil shocks and local pricing realities. Carriers under the Airline Operators of Nigeria had warned of a possible suspension of services, yet flight data shows key…
The Central Bank of Nigeria is shifting its focus from bank balance sheets to the character of the men and women who run them. Governor Olayemi Cardoso told a Lagos audience on Thursday that higher capital is useless without boardroom discipline. He made it clear that the era of regulatory leniency is over. The apex…
Nigeria’s currency posted a marginal gain against the US dollar at the official window, supported by a sharp rise in foreign exchange turnover and improved liquidity conditions, according to latest market data. Figures released by the Central Bank of Nigeria show the naira appreciated by 0.09 per cent to close at N1,379.46 per dollar,…
Nigeria now leads African aviation safety after achieving a record 91.4 percent score in the latest International Civil Aviation Organisation audit. This result marks a historic high for the nation. Global aviation bodies see this success as a vital catalyst for reform across the continent. Safety remains the bedrock of trust and growth for air…
Nigeria’s economic ambition remains tethered to a significant failure in financial inclusion. New data reveals that 80 per cent of businesses owned by women operate entirely without access to formal credit. While women constitute over half of the population and provide 40 per cent of the nation’s agricultural labour, they remain sidelined from the institutional…
Strong investor appetite for banking and industrial equities pushed Nigeria’s stock market to a fresh record, extending a four-week rally that added over N5.5 trillion in market value. Trading data from the Nigerian Exchange Limited showed that gains across key large-cap stocks drove the All-Share Index higher by 4.0 per cent week-on-week to 225,406.05…
Nigeria’s aviation fuel market is facing renewed regulatory intervention as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) moves to stabilise rising costs affecting domestic airlines. A technical committee convened by the regulator on April 24, 2026, has recommended that Jet-A1, commonly known as aviation fuel, should be sold within a price band…