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’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…
Nigeria’s fixed-income market posted one of its strongest single sessions of the year as total turnover crossed the N1tn mark, with investors pouring capital into short-dated government paper offering near-22 per cent returns. Data from the Central Bank of Nigeria’s official Fixed Income Dashboard, released on Thursday, 4 June 2026, showed market turnover reaching…
Nearly two-thirds of Nigerians are demanding a reduction in borrowing costs ahead of the Central Bank of Nigeria’s Monetary Policy Committee meeting scheduled for May 19 and 20, 2026, according to the apex bank’s own survey data. The CBN’s April 2026 Inflation Expectations Survey Report, released by its Statistics Department under the Economic Policy…
Nigerian lenders are pulling back from the central bank’s safety net. Banks and merchant banks slashed their deposits with the Central Bank of Nigeria (CBN) by 28 per cent in April 2026. This retreat follows a decision by the Monetary Policy Committee to cut the headline interest rate to 26.5 per cent. Total deposits dropped…