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
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….
Central Bank of Nigeria Governor Olayemi Cardoso says record external reserves, falling inflation and steady growth gave the apex bank the room to deliver last month’s surprise interest rate cut. He described the move as an overdue repair of how monetary policy works in the country. “It took the market by surprise, and markets,…
Nigerian firms face an aggressive reckoning as the federal government prepares to turn unpaid taxes into expensive floating debt. Starting on 1 October 2026, corporate defaulters must pay an immediate 10 per cent statutory fine alongside daily interest charges linked directly to central bank lending rates. Finance Minister Taiwo Oyedele signed the directive under the…
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….
Households across Nigeria pulled back sharply from bank borrowing in 2025, pushing consumer credit into its first annual contraction in six years as punishing interest rates reshaped how Nigerians and their lenders approached debt. Figures contained in the Central Bank of Nigeria’s 2025 Annual Report and Statement of Accounts show that outstanding consumer credit…
Fresh monetary data from the Central Bank of Nigeria has put credit to the private sector at N83.3 trillion in June 2026, a 2.8 per cent rise from the N81 trillion recorded in May, offering the clearest sign yet that bank lending to businesses and households is recovering after a punishing first half of…
Nigeria’s financial system continues to flood with cash despite explicit central bank efforts to mop up excess liquidity. Fresh Central Bank of Nigeria data reveals that money supply climbed three point one per cent to one hundred and thirty-three point two five trillion naira in June. The four trillion naira month-on-month surge occurred while monetary…
Nigerian businesses are borrowing heavily despite punitive interest rates. Credit to the private sector climbed 2.8% to 83.3 trillion naira in June. Fresh Central Bank of Nigeria data confirms the steady credit expansion from eighty-one trillion naira in May. Commercial banks continue to disburse loans to eager corporate and household borrowers. High borrowing costs fail…
Nigerian fixed-income investors should prepare for a prolonged stretch of elevated interest rates, with market analysts warning that any meaningful reversal in Federal Government bond yields is unlikely before the final quarter of 2026. The caution comes from Coronation Asset Management, whose June 2026 Economic Note projected that a mix of sticky inflation, a…
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…