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 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 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 African Democratic Congress (ADC) has dismissed the federal government’s celebration of a 22 per cent rise in dollar GDP as a whitewash. While official data suggests the economy hit $307bn in 2025, the opposition party argues these figures offer no relief to a hungry population. National Publicity Secretary Bolaji Abdullahi noted that “people do…
The Central Bank of Nigeria (CBN) has successfully propped up the naira through aggressive Open Market Operations (OMO), despite a worrying $1.14 billion slide in external reserves. Over a four-day trading week, the local currency gained 1.76 per cent to close at N1,356.89 per dollar at the official window. This recovery suggests that the central…