Author: New Daily Prime

The Nigerian naira closed the trading session for Sunday, 12 January, on a relatively stable note against the United States dollar, maintaining the same values recorded in the previous trading window.  Meanwhile a data obtained from the NGNToday platform indicate that the official exchange rate remained unchanged at N1,419 per dollar, while the black market rate also held steady at N1,495 per dollar, reflecting a continued pause in volatility across both segments of the foreign exchange market. This stability follows the modest appreciation recorded on Friday, 10 January, when both the official and parallel market rates settled at the same…

The Nigerian naira (NGN) recorded no movement against the British pound (GBP) sterling on Sunday, 11 January, as exchange rates in both the official and parallel markets remained unchanged from the previous trading day. Data from the NGNToday platform shows the official rate closing at N1,908 per £1, while the black market rate held firm at N2,010 per £1, matching levels recorded on Saturday, 10 January. This price stability highlights a period of low volatility in the foreign exchange market, particularly during weekend trading when demand pressures tend to ease. The unchanged rates suggest a temporary balance between pound supply…

The Nigerian naira closed unchanged against the euro on Sunday, 11 January, reflecting a calm but cautious mood across both official and parallel foreign exchange markets. Data obtained from the NGNToday platform show that the official euro–naira exchange rate remained at N1,658 per euro, while the black market rate also held steady at N1,710, matching the levels recorded on Saturday, 10 January. This flat movement highlights a momentary equilibrium in the euro market, where demand pressures and available liquidity appear to have balanced out, preventing any upward or downward price adjustment. In a market often prone to sharp swings, such…

By Clement Abayomi Imagine if Nigerian roads could speak. They would probably narrate their own hustle and the everyday battle with potholes. And, perhaps, in a moment of self-appreciation, they might tell themselves, “Na me dey carry all these Toyota and Honda for head!” Besides, for Nigerians, cars are not just metal boxes with engines; they are considered partners in survival. This is perhaps why a Nigerian’s choice of car comes with absolute care. In Nigeria, where “tear rubber” dreams usually meet the reality of “Tokunbo” budgets, one can point to five car models that have gained popularity. These cars…

The Nigerian naira demonstrated resilience against the euro on Saturday, 10 January 2026, with the official exchange rate unchanged at N1,658 per €1 and the parallel (black market) rate ticking up slightly to N1,710 per €1. These figures, drawn from the reputable NGNToday platform, reflect a continuity of subdued volatility in the foreign exchange market, even as broader macroeconomic forces continue to shape currency dynamics. The official rate of N1,658 remained exactly where it was a day earlier, signalling a degree of stability in formal FX channels. This suggests that supply conditions, including documented remittances, export receipts, and official interventions, were reasonably…

On Saturday, 10 January 2026, the Nigerian naira recorded a modest appreciation against the British pound sterling in both official and parallel (black market) foreign exchange segments, reflecting a slight shift in market dynamics that could signal nascent stability amid ongoing currency pressures. According to the latest figures published on the NGNToday platform, the official exchange rate closed at N1,908 per £1, while the black market rate settled at N2,010 per £1, marking a mild strengthening from Friday’s respective quotes of N1,914 and N1,970. The dual pricing structure, a hallmark of Nigeria’s foreign exchange markets, shows a consistent albeit narrowing…

The Nigerian naira maintained relative stability against the United States dollar on Saturday, 10 January 2026, with both the official and parallel (black market) exchange rates showing steady performance compared to the previous trading session. According to data compiled from the NGNToday platform, the official exchange rate closed at N1,419 per dollar, while the parallel market rate settled at N1,495 per dollar, unchanged from levels recorded on Friday but reflecting modest improvements compared with earlier in the week. This relative steadiness marks a continuation of foreign exchange market dynamics that have characterised the opening weeks of 2026, where cautious optimism…

By Sakariyah, Ridwanullah Public debate in Nigeria has intensified over the earnings, privileges, and wealth of public office holders amid rising food prices, a weakened naira, and renewed calls for fiscal restraint. At the centre of this debate is the Nigerian Senate, a powerful institution constitutionally mandated to approve budgets, scrutinise public spending, and shape national economic policy. Still, while the Senate plays a critical role in determining how public funds are allocated, the personal wealth of its members remains largely shielded from public view. What, then, is the net worth of an average Nigerian senator, and what does it…

By Sakariyah, Ridwanullah In early January 2026, reports of a U.S. military operation in Venezuela triggered global debate and sharp diplomatic reactions, including in Nigeria, where politicians, civil society groups and legal experts weighed in on questions of sovereignty, international law and the limits of military power. Although details of the incident remained contested, Nigerian commentary reflected broader anxieties in the Global South about unilateral intervention by powerful states. On 3 January 2026, international news organisations including Reuters and The Guardian reported that U.S. authorities said American forces had carried out military strikes in Venezuela. According to the reports, the…

By Clement Abayomi Corruption has become a “core option” in Nigeria, so much so that the average Nigerian might think that any anti-corruption efforts are just temporary. It is a stubborn national problem that refuses to be evacuated despite decades of reform promises, task forces, panels, probes, and the several, occasional news of arrest. Under President Bola Tinubu, the fight against corruption has elicited conflicting opinions from Nigerians, government officials, as well as legal professionals. This article articulates published records, official releases, and televised interviews to look into how Nigeria is battling corruption under Tinubu. One principal aspect of the…