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 banks trimmed their cash deposits with the Central Bank of Nigeria by 1.14 per cent to N82.99 trillion in August 2026, pulling back from the record N83.96 trillion parked in July. Fresh balance-sheet data from the apex bank shows lenders adjusted their short-term balances through the Standing Deposit Facility to pursue higher returns…
The Central Bank of Nigeria drained trillions of naira from commercial vaults, driving the interbank overnight lending rate up to 22.20 per cent. Olayemi Cardoso continues his aggressive mop-up of banking cash to halt currency speculation and tame stubborn price rises. The apex bank sold N2.888 trillion in Open Market Operations bills in a single…
Nigeria’s external reserves crossed the $54 billion threshold to reach $54.08 billion on 3 September 2026, marking an eighteen-year high for the national treasury. Fresh balance-sheet data published by the Central Bank of Nigeria shows a gain of $12.58 billion over the past twelve months, reflecting a 30.3 per cent year-on-year surge from $41.50 billion…
The Nigerian naira opened the trading week steady against the United States dollar on Monday, 24 August 2026, changing hands at N1,348.85 at the official Nigerian Autonomous Foreign Exchange Market. Daily trading figures published by the Central Bank of Nigeria showed the currency consolidating within a tight band after touching an intra-day peak of N1,351.50…