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 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…
The Nigerian Naira held steady against the American Dollar on Thursday, reflecting a brief moment of calm in the country’s foreign exchange market. Data from the official trading portal showed the local currency traded at an average rate of 1,376.50 Naira to one Dollar. This minor gain followed Wednesday’s closing rate of 1,383.50 Naira at…
The Nigerian naira opened the second half of the year trading steadily at N1,379.69 against the United States dollar in the official foreign exchange market. Market snapshots throughout the morning show minimal volatility as the local currency defends its current price corridor. The rate briefly touched an intraday high of N1,380.49 before sliding backward to…
The Nigerian naira depreciated to N1,395 against the US dollar in the parallel market on Monday. This drop marks a noticeable departure from the stable N1,380 trading range maintained last week. Currency dealers attribute the sudden slide to a concentrated surge in end-of-month corporate demand. Speculative buyers have also re-entered the unofficial market to hedge…
The Nigerian naira opened the final trading week of June holding steady at N1,380.05 against the US dollar in the official foreign exchange market. Minor intra-day fluctuations settled quickly during early morning trading operations. This stability follows a sequence of aggressive liquidity interventions by monetary authorities throughout the month. Corporate buyers are matching their demands…
Activity in the Nigerian foreign exchange market jumped by 22% in June, hitting a significant multi-month high. The surge reflects improved liquidity and increased capital inflows across official trading windows. Market dealers attribute the spike to aggressive dollar interventions by the central bank. Corporate buyers also accelerated their foreign exchange sourcing to clear mid-year import…
The Nigerian naira maintained a relatively steady position against the United States dollar during early trading on Friday. Data from the official foreign exchange market showed the local currency exchanging at N1,374.52 per dollar by mid-morning. The current rate represents a marginal appreciation from the opening figures recorded at the start of the daily session….
More than nine out of every ten naira in circulation remains outside the formal banking system despite aggressive digital payment initiatives. The latest Money and Credit Statistics released by the Central Bank of Nigeria revealed that cash held outside banks climbed to N5.19tn in May. This figure marks a steady increase from the N5.08tn recorded…
Nigeria’s embattled currency is enjoying a rare moment of relative calm against the greenback. The naira opened trading today at N1,363 per US dollar in the official Nigerian Foreign Exchange Market. Parallel market dealers are asking for roughly N1,400 for the same dollar notes. This narrow gap between the two markets points to a temporary…
The Nigerian naira opened trading today, holding firm within its familiar N1,360 threshold at the official foreign exchange window. Latest transactional data shows the local currency hovering around N1,360.50 per US dollar at the official Nigerian Foreign Exchange Market. The parallel market mirrors this relative calm, with street traders quoting buying and selling rates between…