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 Central Bank of Nigeria has started drafting a new policy blueprint to drag more citizens into the formal financial net. Governor Olayemi Cardoso announced the birth of the National Financial Inclusion Strategy 4.0 on Wednesday, 16 September 2026, during the launch of the Access to Financial Services Survey in Abuja. Aisha Isa-Olatinwo, who directs…
Nigerian commercial banks pushed N83.43 trillion into private enterprise balances by the end of July 2026, setting a fresh credit record despite punishing interest rates. Fresh numbers from the Central Bank of Nigeria show that total private credit swelled by N2.84 trillion across the three months from April. The expansion marks a 3.52 per cent…
The Central Bank of Nigeria’s plan to raise N700 billion through Treasury Bills in September has drawn fresh attention to the government’s domestic borrowing strategy, the management of liquidity in the banking system and the direction of short term interest rates in Africa’s largest economy. The auction, scheduled as part of the third quarter…
Nigeria drew $947 million in formal diaspora remittances in July 2026, bringing the country within striking distance of its $1 billion monthly goal. The Central Bank of Nigeria confirmed that inflows through licensed money operators climbed to $3.8 billion during the first seven months of the year. That total marks a 50.2 per cent jump…
The Nigerian naira opened Tuesday trading at 1,352 per greenback, maintaining its firm grip on recent gains across official windows. Parallel market dealers in Lagos quoted the dollar at 1,400 naira, keeping the currency gap at historic lows. The sustained appreciation reflects steady dollar injections and tight domestic cash management by the central bank. Commercial…
Nigeria’s headline inflation slowed to 15.43 percent in July, extending a steady disinflationary run into its third month. Fresh data from the National Bureau of Statistics shows a 0.48 percentage point drop from the 15.91 percent recorded in June. The sharp deceleration beat private forecasts, which had placed the expected figure closer to 15.51 percent….
The Nigerian naira gained modest ground against the American dollar on Monday morning as foreign exchange liquidity improved across trading desks. Official market figures placed the currency at roughly 1,354 naira per dollar, extending a multi-day rally. Street traders in Lagos offered greenbacks near 1,405 naira, keeping the parallel market premium narrow. Central bankers view…
The Central Bank of Nigeria has thrown open its Open Market Operations to retail investors for the first time in seven years. The move removes the rigid ban that previously restricted these high-yielding debt auctions exclusively to commercial lenders and foreign portfolio managers. Monetary chiefs are scrambling to mop up excess cash as pre-election spending…
The Naira opened the trading week on a stronger footing at the official foreign exchange market, gaining N5.54 against the United States dollar. Official figures from the Central Bank of Nigeria show the local currency strengthened to reverse recent losses. This modest uptick offers brief respite after a period of sustained volatility across the official…
Nigeria’s central bank governor now oversees $52.5bn in foreign reserves. Olayemi Cardoso cites market stability and disciplined monetary policy for the swift balance sheet repair. Gross reserves grew to cover eleven months of imports. Net external reserves jumped to $40bn from a perilous $3bn baseline. Foreign currency buffers now offer real defense against external economic…