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 Nigerian naira opened trading at 1,332.47 to the United States dollar on the official Nigerian Foreign Exchange Market on Wednesday, 14 October, whilst informal currency dealers across Broad Street in Lagos and Wuse Zone 4 in Abuja sold physical notes to retail customers at 1,375 naira. Parallel market desks never run dry. Central Bank…
The Nigerian currency opened trading in a narrow band on Monday, 12 October, fetching approximately 1,332.49 naira to the United States dollar on the official Nigerian Foreign Exchange Market. Street dealers across the parallel market quoted the greenback between 1,370 naira for buyers and 1,380 naira for sellers, maintaining a modest premium over formal banking…
The World Bank declared on Thursday, 8 October 2026, that the Nigerian naira weathered regional foreign exchange turmoil far better than several continental peers during the second quarter, limiting its maximum depreciation to just 2.6 per cent while punishing sell-offs battered currencies across the African continent. Currency markets across twenty-two sub-Saharan nations outside the CFA…
The Nigerian naira slipped to 1,362 per greenback in street trading on Wednesday, 7 October 2026, even as the legal tender gained modest ground inside official banking windows. Data from the Nigerian Foreign Exchange Market show the official rate firmed to 1,331.50 per dollar, carving out a modest gain of 1.40 naira after heavy institutional…
The Central Bank of Nigeria mopped up 12.14 trillion naira in surplus cash from commercial banking vaults across the country throughout September 2026, mounting an unrelenting liquidity withdrawal to halt runaway consumer price inflation, suppress speculative currency runs, and protect the battered domestic legal tender from another disastrous collapse. Governor Olayemi Cardoso directed this aggressive…
The Nigerian naira climbed to 1,357 per greenback in street trading on Tuesday, 6 October 2026, cutting the premium between parallel dealers and the official market to its lowest level in months. Data from the Nigerian Foreign Exchange Market placed the weighted trading average at 1,332.90 per dollar, leaving a modest spread of just 24.10…
Foreign capital inflows into Nigeria doubled in the first five months of 2026, climbing to 16.41 billion dollars as aggressive central bank rate hikes drew overseas cash into domestic debt markets. The massive inflow represents a sharp 101.8 per cent jump over the 8.13 billion dollars recorded across the same period last year. Hot money…
The Central Bank of Nigeria has opened an inquiry into commercial lenders that refuse to pay hard currency to their own depositors. Officials in Abuja stepped in after thousands of retail customers reported steep withdrawal caps, fabricated cash shortages, and deliberate delays at bank counters across Lagos and other major commercial hubs. Bankers hoard notes…
Nearly four in five Nigerian adults now use a financial product, yet three-quarters remain financially broke. The ninth Access to Financial Services in Nigeria survey, released in Abuja by Enhancing Financial Inclusion and Advancement on Tuesday, revealed that national financial inclusion reached 79% in 2026. That figure represents roughly 94.2 million adults, while formal inclusion…
Official statistics from the National Bureau of Statistics and the Central Bank of Nigeria present an apparent monetary achievement. Foreign exchange volatility has receded, the naira has found relative equilibrium against major trading currencies, and core inflation measures have shed several percentage points from their previous peaks. Yet across the retail markets of Dawanau in…