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 naira gained ground against the United States dollar on Friday, closing at N1,345 per dollar across the official foreign exchange window. The Central Bank of Nigeria released market data on 30 October 2026 showing a modest five-naira gain from Wednesday’s closing rate of N1,349 per dollar. Tight monetary policy holds the currency steady. Foreign…
Nigeria’s naira slipped to N1,334 against the American dollar at the official foreign exchange market in mid-October 2026, recording marginal daily depreciation as commercial lenders absorbed steady corporate demand for import bills in Lagos. The Central Bank of Nigeria reported that the local currency weakened past N1,333 per dollar during midweek spot transactions, closing at…
The Nigerian currency opened trading in a narrow band on Monday, 12 October, fetching approximately 1,332.49 naira to the United States dollar on the official Nigerian Foreign Exchange Market. Street dealers across the parallel market quoted the greenback between 1,370 naira for buyers and 1,380 naira for sellers, maintaining a modest premium over formal banking…
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…
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…
The naira opened the week with a quiet show of strength. On April 6, the currency rose to ₦1,377.80 per dollar in the official market. This small gain follows a close of ₦1,380.79 last week. Stability is becoming a habit rather than an accident. The Central Bank of Nigeria (CBN) now uses a matching system…
The Naira weakened by 2.48 percent in early Tuesday trading as corporate demand for the US Dollar intensified. Opening rates at the Nigerian Foreign Exchange Market averaged ₦1,388.38, a sharp drop from the previous week’s close of ₦1,353.90. This sudden volatility tested the Central Bank of Nigeria’s new electronic matching system. Intraday rates even touched…
The Nigerian currency recorded its second consecutive daily depreciation in both the official Nigerian Foreign Exchange Market and the parallel market, reversing some of the gains achieved during February’s appreciation rally. The naira extended its losing streak against the United States dollar yesterday, depreciating across both the official and parallel foreign exchange windows as…
Nigeria’s net foreign exchange reserves have climbed by 772 per cent in two years, marking a sharp recovery in the country’s external buffers. Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, revealed on Monday that net reserves rose from a lowly $3.99 billion at the end of 2023 to $34.80 billion by December 2025. This…