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 monetary policy architecture is undergoing a fundamental transformation. The Central Bank of Nigeria has committed itself to a deliberate transition toward an inflation-targeting framework, abandoning decades of discretionary monetary management in favour of a transparent, rules-based system explicitly anchored to long-term price stability. The shift represents one of the most significant policy reorientations undertaken…
The Nigerian Naira strengthened against the US Dollar on Friday, 20 March 2026, supported by a significant recovery in the nation’s external buffers. In the Nigerian Foreign Exchange Market (NFEM), the currency opened at an average of N1,352.89 per dollar, a slight gain from the mid-week average of N1,357. This appreciation follows the Central Bank…
The Nigerian Naira sustained a stable performance against the United States Dollar on Thursday, maintaining its position within a narrow trading band as the foreign exchange market continues to benefit from surging global crude oil prices and a historic accumulation of external reserves that has reached levels unseen in over a decade. Data from…
The Central Bank of Nigeria has issued a stern warning to all banking customers across the country, urging them to protect their financial information by refusing to share passwords, personal identification numbers, or other sensitive banking details with anyone, including individuals claiming to be bank officials. The advisory, released as part of activities marking Global…
The Central Bank of Nigeria (CBN) has announced a significant tightening of the Bank Verification Number (BVN) framework to combat the rise in digital financial crimes. Under new rules taking effect on 1 May 2026, the apex bank will limit phone number amendments linked to a BVN to a one-time change only. Furthermore, the regulator…
The Nigerian Naira concluded a week of steady gains on Friday, 13 March 2026, appreciating by 0.3% in the official market. Data from the Central Bank of Nigeria (CBN) showed the currency closed at N1,366.23 per dollar, up N5.27 for the week’s final trading session. This performance caps a five-day rally that began with the…
The Central Bank of Nigeria (CBN) has banned large-scale loan defaulters from accessing new credit and essential banking services. In a directive issued on 12 March 2026, the regulator ordered all financial institutions to immediately freeze the accounts of “large-ticket obligors” with non-performing loans. The move aims to instill credit discipline and protect the banking…
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has expressed confidence that the country’s ongoing macroeconomic reforms have fortified the economy against potential shocks from escalating geopolitical tensions in the Middle East, particularly the evolving crisis involving the United States, Israel and Iran. Cardoso made the assertion on Wednesday while delivering a Distinguished…
The Nigerian Naira maintained its stability against the US Dollar on Friday, 13 March 2026, closing a resilient trading week. Data from the Nigerian Foreign Exchange Market (NFEM) shows the currency opened at 1,398.74 and held steady at 1,398.63 by mid-morning. This marginal appreciation of 0.01% reflects a period of rare calm in the foreign…
Net foreign exchange inflow into the Nigerian economy fell by 18.3 per cent year on year to 61.29 billion dollars in the eleven months ended November 2025. The Central Bank of Nigeria data showed the drop from 69.61 billion dollars recorded in the corresponding period of 2024. This development stemmed from a 25.2 per…
