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 naira has entered one of its calmest stretches since Nigeria floated the currency in 2023, holding within a narrow range against the dollar even as a gap between the official and parallel markets persists. The relative stability marks a sharp departure from the turbulence that followed the exchange rate reforms of the past…
The naira traded within a familiar, narrow band against the United States dollar on Wednesday, holding its recent run of relative calm in both the official and street markets even as retail demand kept the parallel rate above the ₦1,400 mark. Figures from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market, NFEM, placed…
Shareholders of Nigeria’s biggest lenders walked away from the 2025 financial year with a story of two markets. Six banks cleared the Central Bank of Nigeria’s eligibility test and pushed out a combined N1.27 trillion in dividends, according to findings published by Financial Vanguard. Five others, profitable on paper and in some cases record…
Nigeria’s currency closed the trading week on a remarkably even keel, with the naira quoted at about ₦1,368.22 to the United States dollar at the Nigerian Foreign Exchange Market on Friday, August 7, 2026, a level that caps one of the longest stretches of exchange rate calm the country has seen since the market…
Nigeria’s economic scoreboard has become the latest battleground between the presidency and the opposition, with Atiku Abubakar accusing the Tinubu administration of dressing up hard numbers to look better than the hardship Nigerians are living through. The African Democratic Congress presidential candidate, in a statement issued through his Senior Special Assistant on Public Communication,…
Households across Nigeria pulled back sharply from bank borrowing in 2025, pushing consumer credit into its first annual contraction in six years as punishing interest rates reshaped how Nigerians and their lenders approached debt. Figures contained in the Central Bank of Nigeria’s 2025 Annual Report and Statement of Accounts show that outstanding consumer credit…
Fresh monetary data from the Central Bank of Nigeria has put credit to the private sector at N83.3 trillion in June 2026, a 2.8 per cent rise from the N81 trillion recorded in May, offering the clearest sign yet that bank lending to businesses and households is recovering after a punishing first half of…
Seven prime properties spread across Lagos and Delta State, along with 2.045 million dollars in cash and two share certificates linked to former Central Bank of Nigeria Governor, Godwin Emefiele, have been permanently forfeited to the Federal Government after the Supreme Court on Friday, July 17, 2026, brought a two year legal contest to…
A sweeping retreat by Nigerian lenders has stripped N5.45 trillion in credit from eight critical sectors of the economy in the space of a single year, laying bare the cost of the Central Bank of Nigeria’s decision to force banks back to stricter prudential standards. The pullback, drawn from the CBN’s latest data on…
The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country, deepening a regulatory purge that has now shut down more than 200 community lenders in three years. The apex bank announced the decision in a statement issued on Wednesday and signed by its Acting Director of Corporate…