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
Commercial banks in Nigeria extend just 9.4 percent of the country’s Gross Domestic Product as credit to the private sector. The African Development Bank revealed the figure in its African Economic Outlook 2026 report, highlighting deep structural flaws in the domestic financial system. This low lending rate places Nigeria among the weakest performers among major…
Nigeria’s banking system is expanding at a breakneck pace that defies traditional economic logic. Credit to the private sector reached a record N94.61tn in February. Simultaneously, government borrowing climbed to N39.36tn. Usually, heavy state borrowing crowds out private companies. Today, both are feasting on bank balance sheets at the same time. This dual surge suggests…
