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 informal currency market has delivered another sobering reality check to monetary authorities. The naira depreciated to N1,400 per dollar in the parallel market on Monday. This drop from N1,390 over the weekend signals persistent liquidity pressures outside official banking channels. Retail buyers continue to flock to street dealers for quicker access to hard currency….
The Nigerian naira opened the week with relative stability against the United States dollar on Monday across both the official and parallel foreign exchange windows. Financial sector data showed the domestic currency trading at an average of 1,360.71 naira per dollar at the official foreign exchange market. This current baseline represents a minimal, steady movement…
The Nigerian naira appreciated slightly against the United States dollar on Wednesday across both official and parallel markets. Data from the Nigerian Foreign Exchange Market showed the domestic currency trading at 1,353.48 naira per dollar at the official window. This figure represents a modest gain from the 1,357.26 naira recorded during trading sessions earlier in…
The Nigerian naira maintained its resilience against the United States dollar on Monday in both official and parallel markets. Data from the Nigerian Foreign Exchange Market showed the domestic currency trading at 1,357.26 naira per dollar at the official window. This figure represents a slight appreciation from the 1,361.05 naira recorded during previous trading sessions…
The Nigerian naira lost its recent momentum on the parallel market, dipping to N1,398 against the United States dollar. Bureau de Change operators across major street markets reported the slide following a fresh surge in corporate and retail foreign exchange demand. The minor depreciation halts a brief period of appreciation that had pulled the local…
The Central Bank of Nigeria has abolished pandemic-era restrictions on personal domiciliary accounts following a notable improvement in foreign exchange liquidity. Under the new directive, individual account holders can now deposit and withdraw foreign currency freely without the rigid caps imposed during the global health crisis. The policy reversal signals growing confidence within the apex…
The Nigerian naira gained notable ground against the United States dollar on the parallel market to close at N1,385. Street traders in Lagos and Abuja quoted the rate following a sustained increase in dollar supply across major trading hubs. This appreciation represents a significant recovery from previous lows, where the local currency faced immense speculative…
The Nigerian naira held steady against the United States dollar at the start of June’s trading cycle. In the official foreign exchange window, the domestic currency exchanged at an average rate of 1,371 naira per dollar. Data from the FMDQ Securities Exchange tracked early morning transactions oscillating tightly between 1,370 and 1,372 naira. This relative…
The Central Bank of Nigeria has launched an aggressive financial strategy to drive the country toward a one-trillion-dollar economy. Dubbed the Payments System Vision 2028, the blueprint aims to drag an additional 50 million citizens into the formal banking system. Governor Olayemi Cardoso presented the four-year roadmap in Abuja, framing electronic payment channels as vital…
The Nigerian naira appreciated slightly against the United States dollar on Monday morning to open the trading week on a positive note. Data from the official foreign exchange market showed the local currency strengthened to 1,370.98 naira per dollar. This subtle gain marks a recovery from the sharper swings observed late last month. Local currency…