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
Nigeria’s net domestic credit fell by 6.9 percent year-on-year to ₦109.4 trillion in January 2026. Data from the Central Bank of Nigeria (CBN) shows a marked contraction from the ₦117.5 trillion recorded in the same period last year. This decline in the total value of bank credit to both the public and private sectors reflects…
Nigeria and the United Kingdom have launched a customs cooperation pact to reconcile a staggering £1.2 billion discrepancy in bilateral trade figures. High-level talks in London on March 18 revealed that while the UK recorded £1.7 billion in exports to Nigeria in 2024, Nigerian records accounted for only £504 million. This massive “missing” sum points…
Nigeria’s nascent battle against inflation faces a fresh assault from global energy markets, despite a marginal dip in headline figures. Data for February 2026 shows inflation eased to 15.06% year-on-year, down from 15.10% in January. While this appears positive compared to the 26.27% recorded a year ago, the Centre for the Promotion of Private Enterprise…
The Nigerian Naira strengthened against the US Dollar on Friday, 20 March 2026, supported by a significant recovery in the nation’s external buffers. In the Nigerian Foreign Exchange Market (NFEM), the currency opened at an average of N1,352.89 per dollar, a slight gain from the mid-week average of N1,357. This appreciation follows the Central Bank…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that Nigeria’s economy has successfully transitioned from a period of stabilisation to one of capital mobilisation. Speaking on Wednesday at the Africa Capital Forum in London, held on the sidelines of President Bola Tinubu’s state visit to the United Kingdom, Mr. Cardoso…
Vessels carrying 129,000 metric tonnes of Premium Motor Spirit and Automotive Gas Oil are scheduled to dock at Nigerian ports between March 14 and 17, 2026, even as the Nigerian Midstream and Downstream Petroleum Regulatory Authority maintains that no new petrol import licences have been issued this year. The arrivals, documented in the Nigerian Ports…
The Nigerian Exchange recorded an unprecedented milestone yesterday as the all-share index breached the 200,000-point threshold for the first time in the market’s history, driven by strong investor demand and broad-based gains across key sectors. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.3 points in the previous…
Nigeria’s food inflation rate climbed back into double-digit territory in February 2026, rising to 12.12 per cent and reversing the single-digit slowdown recorded just one month earlier, according to data released by the National Bureau of Statistics on Monday. The February figure represents a sharp month-on-month increase of 3.23 percentage points from the 8.89…
The Nigerian Naira concluded a week of steady gains on Friday, 13 March 2026, appreciating by 0.3% in the official market. Data from the Central Bank of Nigeria (CBN) showed the currency closed at N1,366.23 per dollar, up N5.27 for the week’s final trading session. This performance caps a five-day rally that began with the…
The Federation Account Allocation Committee (FAAC) has disbursed N1.894 trillion to Nigeria’s three tiers of government for February 2026. The distribution, approved during a meeting in Abuja on Friday, saw the Federal Government take N675.088 billion, while the 36 states shared N651.525 billion. The 774 local government councils received N456.467 billion. Although the total shared…
