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
Nigeria’s currency opened the new trading month on a firm note, exchanging at N1,344.49 per dollar across official foreign exchange windows on Monday. Central Bank of Nigeria operational records confirm that tight liquidity measures continue to anchor the spot price near its N1,345 baseline. Market stability persists. Foreign exchange desks inside commercial banks report smooth…
Nigeria’s naira gained ground against the United States dollar on Friday, closing at N1,345 per dollar across the official foreign exchange window. The Central Bank of Nigeria released market data on 30 October 2026 showing a modest five-naira gain from Wednesday’s closing rate of N1,349 per dollar. Tight monetary policy holds the currency steady. Foreign…
The Central Bank of Nigeria and national banking surveillance authorities have issued stricter compliance directives for managing distressed corporate credit and commercial exposure. Commercial banks must enforce aggressive impairment recognition, raise provisioning buffers on classified loans, and monitor higher capital adequacy thresholds. In boardroom briefings, this supervisory firmness is a prudent exercise in balance-sheet sanity,…
Nigeria received a record $1.57bn in diaspora remittances through International Money Transfer Operators in the second quarter of 2026, the highest quarterly inflow in the available data series stretching back to 2019, according to the Central Bank of Nigeria’s Q2 2026 Statistical Bulletin. The figure represents a rise of about 33 per cent from…
Trading across Nigeria’s foreign exchange venues opened with subtle movements as the local currency navigated persistent demand pressure. Official transactions at the Nigerian Foreign Exchange Market commenced around N1,339.93 to the United States dollar on 27 October 2026. This performance reflects mild adjustments from recent sessions where clearing rates hovered within the N1,330 to N1,360…
Loans from commercial lenders to Nigerian factory operators plummeted by 26.8 per cent to 5.19 trillion naira during the first half of 2026. The latest quarterly bulletin from the Central Bank of Nigeria reveals that commercial financiers pulled nearly two trillion naira out of industrial shop floors in twelve months. Tight money starves local manufacturing….
Central Bank of Nigeria Governor Olayemi Cardoso gathered bankers, fintech founders, and commercial traders at the Pan Pacific Beijing this week to dismantle the chronic payment bottlenecks choking trade with China. Nigerian merchants buy billions of pounds worth of manufactured goods from Chinese suppliers every single year, yet still endure circuitous, third-party dollar clearing routes…
Nigerian commercial lenders pulled N537.6bn out of private sector loan books in September, demonstrating how quickly punishing cash reserves choke commerce despite official claims of monetary easing. Fresh money market figures from the Central Bank of Nigeria show that total credit to businesses and households dropped to N83.93trn, retreating from the N84.47trn recorded in August….
Nigeria’s naira held steady in early trade on Friday, 23 October 2026, exchanging at N1,330.95 against the American dollar on the official foreign exchange market. Screen-based trades opened within a tight range of N1,330.95 to N1,332.00 per dollar, giving commercial lenders in Lagos a welcome respite from wild price swings. Tight monetary policy preserves brittle…
Nigeria’s naira slipped to N1,334 against the American dollar at the official foreign exchange market in mid-October 2026, recording marginal daily depreciation as commercial lenders absorbed steady corporate demand for import bills in Lagos. The Central Bank of Nigeria reported that the local currency weakened past N1,333 per dollar during midweek spot transactions, closing at…