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 stabilized near 1,362 to the US dollar on Monday morning as foreign exchange markets opened for weekly trading. Central Bank intervention helped quieten immediate panic across official and street trading windows. Yet structural dollar shortages continue to pressure local currency reserves month after month. Traders in Lagos report modest dollar liquidity following late…
Nigeria’s manufacturing sector has issued a grim warning regarding persistent domestic price pressures. The Manufacturers Association of Nigeria stated on Friday that food and core inflation will not ease without fundamental structural reforms. Association Director-General Segun Ajayi-Kadir warned that high energy tariffs, foreign exchange scarcity, and extortionate interest rates continue to cripple production. Factory owners…
Nigeria’s informal currency market has delivered another sobering reality check to monetary authorities. The naira depreciated to N1,400 per dollar in the parallel market on Monday. This drop from N1,390 over the weekend signals persistent liquidity pressures outside official banking channels. Retail buyers continue to flock to street dealers for quicker access to hard currency….