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 has returned to the rank of Africa’s top five foreign direct investment destinations following a sharp recovery in long-term capital inflows. The latest World Investment Report by the United Nations Conference on Trade and Development reveals that direct inflows more than doubled to $4.01 billion. This represents a 148 percent surge from the $1.61…
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…
The Economic and Financial Crimes Commission has secured the conviction of ten individuals for currency abuse in the South-South region. A federal court found the defendants guilty of violating laws that protect the national currency from defacement. This swift judicial outcome underscores a widening state campaign against practices that long defined Nigerian social gatherings. Enforcement…
South African investors moved $983.83m into Nigeria between January and March 2026, even as anti migrant violence in South Africa forced hundreds of Nigerians to flee home, fresh figures from the National Bureau of Statistics (NBS) show, pointing to a commercial relationship that has held firm while the diplomatic one frays. According to…
Nigeria has secured a fresh $1.25 billion financing package from the World Bank, aimed at deepening ongoing economic reforms, drawing private investment and accelerating job creation across Africa’s largest economy. The World Bank announced the approval on Wednesday, July 1, 2026, describing the facility as the anchor of its new Country Partnership Framework for…
Nigerian factories are carrying the heaviest fiscal burden for a cash-strapped state. The manufacturing sector contributed N404 billion in corporate and value-added taxes during the first quarter of 2026. Data from the National Bureau of Statistics show that factory owners remain the largest domestic source of non-oil state revenue. This fiscal feat comes despite a…
Nigeria’s trade sector attracted $65.79m in foreign capital in the first quarter of 2026, a 91.31 per cent rise from the $34.39m recorded in the same period of 2025, even as inflows moderated after a strong second half of last year. Data from the National Bureau of Statistics’ capital importation report showed the year-on-year…
The Nigerian naira held steady against the United States dollar at the start of June’s trading cycle. In the official foreign exchange window, the domestic currency exchanged at an average rate of 1,371 naira per dollar. Data from the FMDQ Securities Exchange tracked early morning transactions oscillating tightly between 1,370 and 1,372 naira. This relative…
The Central Bank of Nigeria has launched an aggressive financial strategy to drive the country toward a one-trillion-dollar economy. Dubbed the Payments System Vision 2028, the blueprint aims to drag an additional 50 million citizens into the formal banking system. Governor Olayemi Cardoso presented the four-year roadmap in Abuja, framing electronic payment channels as vital…
Nigeria’s Central Bank has opted to hold its benchmark lending rate steady at 26.5 per cent, resisting pressure from a fresh uptick in inflation and global economic uncertainty that analysts say tilted the policy balance firmly toward caution. CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the 305th meeting of…