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
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 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 Nigerian naira climbed to 1,357 per greenback in street trading on Tuesday, 6 October 2026, cutting the premium between parallel dealers and the official market to its lowest level in months. Data from the Nigerian Foreign Exchange Market placed the weighted trading average at 1,332.90 per dollar, leaving a modest spread of just 24.10…
Nigeria’s naira opened trading on Monday, 28 September 2026, pegged near 1,327.72 naira to the US dollar at the official Nigerian Foreign Exchange Market. The spot rate maintains the narrow band established late last week after the central bank closed Friday’s formal window at 1,329.51 naira. Currency dealers in Lagos and Abuja watch these figures…
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 Nigerian naira held steady at 1,326.30 to the American dollar on the official window on Tuesday, 15 September 2026. Central Bank of Nigeria records show that the spot rate firmed slightly from Monday’s opening levels at the Nigerian Foreign Exchange Market. Street dealers in Lagos, Abuja, and Kano quoted the greenback between 1,385 naira…
The Nigerian naira opened the trading week at 1,326.84 to the American dollar on the official window on Monday, 14 September 2026. Central bank records show that the spot rate held steady near the 1,326.52 recorded over the weekend at the Nigerian Foreign Exchange Market. Street traders in Lagos, Abuja, and Kano quoted the greenback…
Nigeria’s currency found rare stability on Friday, holding at 1,548 naira to the euro in official trading. The Central Bank of Nigeria has built a foreign exchange buffer that currently fluctuates between 54.08 billion and 54.13 billion dollars. That haul marks the highest reserve level recorded by the monetary authority since December 2008. The steady…
The Nigerian naira gained ground against the British pound sterling on Wednesday, 9 September 2026, firming to N1,788 in official interbank dealings. The rally caps two weeks of steady appreciation as the Central Bank of Nigeria chokes off speculative demand for foreign paper. Bureau de change operators in Lagos and Abuja adjusted their retail selling…