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 parted with almost a billion dollars to keep its foreign creditors satisfied within the opening two months of 2026, a fresh sign that the weight of external obligations is pressing harder on the country’s finances even as macroeconomic indicators show tentative signs of steadying. Figures drawn from the Central Bank of Nigeria’s February…
The naira eased further against the United States dollar on Tuesday, closing weaker in both the parallel and official windows as sustained demand for foreign currency continued to test the relative calm that has defined Nigeria’s foreign exchange market for much of 2026. At the parallel market, the currency weakened to N1,405 per…
The naira turned in a mixed showing against the United States dollar on Tuesday, July 7, 2026, steady at the official window even as it lost a little ground on the streets, a pattern that has come to define the currency’s day to day movement in recent months. At the official Nigerian Foreign Exchange…
Nigeria’s fiscal managers have thrown open the debt taps at a pace not seen in recent memory, moving early and aggressively into the domestic market to raise cash before borrowing costs climb any higher. The strategy, described in the latest Fixed Income Thematic Report by Meristem Securities Limited, points to a government determined to…
The Nigerian naira opened the second half of the year trading steadily at N1,379.69 against the United States dollar in the official foreign exchange market. Market snapshots throughout the morning show minimal volatility as the local currency defends its current price corridor. The rate briefly touched an intraday high of N1,380.49 before sliding backward to…
The maximum lending rate charged by Nigerian commercial banks softened marginally to 34.78% in May. Data from the Central Bank of Nigeria reveals a slight retreat from the 35.17% recorded in April. This moderate decline offers minor relief to highly leveraged corporate borrowers. Despite the drop, structural cost pressures remain exceptionally high across the domestic…
The Nigerian naira maintained a relatively steady position against the United States dollar during early trading on Friday. Data from the official foreign exchange market showed the local currency exchanging at N1,374.52 per dollar by mid-morning. The current rate represents a marginal appreciation from the opening figures recorded at the start of the daily session….
More than nine out of every ten naira in circulation remains outside the formal banking system despite aggressive digital payment initiatives. The latest Money and Credit Statistics released by the Central Bank of Nigeria revealed that cash held outside banks climbed to N5.19tn in May. This figure marks a steady increase from the N5.08tn recorded…
The naira opened the week on solid footing, trading at around ₦1,363.41 to the United States dollar at the official window on Monday, June 22, 2026, as the gap between the formal and street markets stayed unusually slim. The figure, drawn from the Nigerian Foreign Exchange Market, reflects the volume-weighted average that the Central…
Nigeria’s embattled currency is enjoying a rare moment of relative calm against the greenback. The naira opened trading today at N1,363 per US dollar in the official Nigerian Foreign Exchange Market. Parallel market dealers are asking for roughly N1,400 for the same dollar notes. This narrow gap between the two markets points to a temporary…