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 currency opened the new trading month on a firm note, exchanging at N1,344.49 per dollar across official foreign exchange windows on Monday. Central Bank of Nigeria operational records confirm that tight liquidity measures continue to anchor the spot price near its N1,345 baseline. Market stability persists. Foreign exchange desks inside commercial banks report smooth…
Nigeria’s naira gained ground against the United States dollar on Friday, closing at N1,345 per dollar across the official foreign exchange window. The Central Bank of Nigeria released market data on 30 October 2026 showing a modest five-naira gain from Wednesday’s closing rate of N1,349 per dollar. Tight monetary policy holds the currency steady. Foreign…
Central Bank of Nigeria Governor Olayemi Cardoso gathered bankers, fintech founders, and commercial traders at the Pan Pacific Beijing this week to dismantle the chronic payment bottlenecks choking trade with China. Nigerian merchants buy billions of pounds worth of manufactured goods from Chinese suppliers every single year, yet still endure circuitous, third-party dollar clearing routes…
The Central Bank of Nigeria granted formal preliminary approval on 23 October to JPMorgan Chase to establish a full merchant bank in Lagos, marking an unmistakable financial triumph for Abuja. This preliminary concession rewards the American banking titan for lodging a 50bn naira deposit in the capital and signals a rare vote of foreign confidence…
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….
Nigeria’s naira held steady in early trade on Friday, 23 October 2026, exchanging at N1,330.95 against the American dollar on the official foreign exchange market. Screen-based trades opened within a tight range of N1,330.95 to N1,332.00 per dollar, giving commercial lenders in Lagos a welcome respite from wild price swings. Tight monetary policy preserves brittle…
Nigeria’s naira slipped to N1,334 against the American dollar at the official foreign exchange market in mid-October 2026, recording marginal daily depreciation as commercial lenders absorbed steady corporate demand for import bills in Lagos. The Central Bank of Nigeria reported that the local currency weakened past N1,333 per dollar during midweek spot transactions, closing at…
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…