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
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,…
The Nigerian naira opened trading at 1,332.47 to the United States dollar on the official Nigerian Foreign Exchange Market on Wednesday, 14 October, whilst informal currency dealers across Broad Street in Lagos and Wuse Zone 4 in Abuja sold physical notes to retail customers at 1,375 naira. Parallel market desks never run dry. Central Bank…
The Nigerian currency opened trading in a narrow band on Monday, 12 October, fetching approximately 1,332.49 naira to the United States dollar on the official Nigerian Foreign Exchange Market. Street dealers across the parallel market quoted the greenback between 1,370 naira for buyers and 1,380 naira for sellers, maintaining a modest premium over formal banking…
The Nigerian naira slipped to 1,362 per greenback in street trading on Wednesday, 7 October 2026, even as the legal tender gained modest ground inside official banking windows. Data from the Nigerian Foreign Exchange Market show the official rate firmed to 1,331.50 per dollar, carving out a modest gain of 1.40 naira after heavy institutional…
The Central Bank of Nigeria mopped up 12.14 trillion naira in surplus cash from commercial banking vaults across the country throughout September 2026, mounting an unrelenting liquidity withdrawal to halt runaway consumer price inflation, suppress speculative currency runs, and protect the battered domestic legal tender from another disastrous collapse. Governor Olayemi Cardoso directed this aggressive…
The naira hovered near 1,326.34 against the American dollar on Friday morning as foreign exchange desks weighed the monetary loosening of the Central Bank of Nigeria. Spot trading saw the domestic unit edge between 1,325.42 and 1,327.00 before settling around 1,326.34 in the official autonomous window. That movement extends a week of gentle depreciation following…
The naira hovered near 1,324.70 to the American dollar on Wednesday morning as chronic foreign exchange tightness continues to test the currency reforms of the Central Bank of Nigeria. Spot trading across early deals saw the domestic unit edge between 1,323.80 and 1,329.00 before settling around 1,324.70 in the official market. That movement follows modest…
The Central Bank of Nigeria slashed its benchmark lending rate by 350 basis points to 23 per cent on Tuesday, ending a brutal monetary squeeze that began in late 2023. Governor Olayemi Cardoso announced the steep cut following the 307th Monetary Policy Committee gathering in Abuja, setting the asymmetric corridor at plus 50 and minus…
The Central Bank of Nigeria has started drafting a new policy blueprint to drag more citizens into the formal financial net. Governor Olayemi Cardoso announced the birth of the National Financial Inclusion Strategy 4.0 on Wednesday, 16 September 2026, during the launch of the Access to Financial Services Survey in Abuja. Aisha Isa-Olatinwo, who directs…
Nigeria’s headline inflation rate edged down to 15.39 per cent in August 2026, marking a paper-thin decline of four basis points from 15.43 per cent in July. The National Bureau of Statistics posted the figures on Tuesday in its monthly consumer price index bulletin. The slow retreat marks the third straight monthly decline in the…