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 sustained its steady multi-week consolidation on Monday, 31 August 2026, holding near N1,337 per US dollar at the official foreign exchange window. Early indicative electronic quotes hovered around N1,346.78 before wholesale banking desks resumed regular session trading. Parallel market operators in Lagos and Abuja traded dollars at N1,400, reflecting a N7 gain…
The Nigerian naira strengthened to N1,342.04 per dollar in early trading on Friday, 28 August 2026, extending a steady multi-week recovery across the official foreign exchange window. Data from the Nigerian Foreign Exchange Market showed the local currency gaining ground from N1,343.68 recorded at the previous day’s close. Parallel market operators in Lagos and Abuja…
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…
The Nigerian naira strengthened to 1,344.45 per US dollar on Thursday morning as foreign exchange liquidity improved across formal trading desks. Indicative pricing on the official market showed steady gains from earlier closes near the 1,350 mark. Street dealers in the parallel market sold the greenback for roughly 1,404 naira, leaving the gap between the…
The Nigerian naira opened Tuesday trading at 1,352 per greenback, maintaining its firm grip on recent gains across official windows. Parallel market dealers in Lagos quoted the dollar at 1,400 naira, keeping the currency gap at historic lows. The sustained appreciation reflects steady dollar injections and tight domestic cash management by the central bank. Commercial…
The Nigerian naira gained modest ground against the American dollar on Monday morning as foreign exchange liquidity improved across trading desks. Official market figures placed the currency at roughly 1,354 naira per dollar, extending a multi-day rally. Street traders in Lagos offered greenbacks near 1,405 naira, keeping the parallel market premium narrow. Central bankers view…
The Naira opened the trading week on a stronger footing at the official foreign exchange market, gaining N5.54 against the United States dollar. Official figures from the Central Bank of Nigeria show the local currency strengthened to reverse recent losses. This modest uptick offers brief respite after a period of sustained volatility across the official…
The naira stabilized near 1,362 to the US dollar on Monday morning as foreign exchange markets opened for weekly trading. Central Bank intervention helped quieten immediate panic across official and street trading windows. Yet structural dollar shortages continue to pressure local currency reserves month after month. Traders in Lagos report modest dollar liquidity following late…
Foreign printers produce nearly two-thirds of Nigeria’s physical currency. A fresh Central Bank report reveals that overseas contractors handled sixty-five percent of approved banknote production. Local printing facilities simply cannot meet national demand for cash. Printing domestic money abroad drains scarce foreign reserves while exposing national currency security to outside risks. The Nigerian Security Printing…
Nigeria’s financial system continues to flood with cash despite explicit central bank efforts to mop up excess liquidity. Fresh Central Bank of Nigeria data reveals that money supply climbed three point one per cent to one hundred and thirty-three point two five trillion naira in June. The four trillion naira month-on-month surge occurred while monetary…