Author: New Daily Prime

Data from the NGNToday platform for Tuesday, 20 January, shows the Nigerian naira continuing to navigate a challenging foreign exchange environment, with notable divergence between official and parallel market rates. The British pound opened at N1,893 at the official window, while the parallel market recorded N1,950, revealing a N57 premium. This gap highlights the structural tension in Nigeria’s FX market, where formal channels remain insulated from the immediate pressures of demand and supply faced by traders in the black market. Market analysts suggest that such a differential is symptomatic of strong overseas demand for trade settlements, tuition fees, and remittances.…

Exchange data from NGNToday on Tuesday, 20 January indicated that Nigerian naira ended with mixed signals across major foreign exchange indicators, highlighting persistent market pressure. While the US dollar maintained stability against the naira compared with Monday, the euro continued to expose widening pressure between official and parallel market rates. At the official foreign exchange window, the euro was quoted at N1,649, reflecting ongoing efforts by monetary authorities to stabilise pricing through regulated channels. Meanwhile, this figure sharply contrasted with the black market rate of N1,705, underscoring persistent liquidity constraints and unmet demand for foreign currency outside the formal system.…

A data-driven review of today’s foreign exchange figures reveals mounting pressure in the euro–naira market, with a wide gap opening between official pricing and parallel market levels. Information from the NGNToday platform shows that on Monday, 19 January, the official exchange rate for the eurois fixed at N1,469, while the black market rate has surged to about N1,705 per euro. Numbers in Focus The N236 differential between both markets represents a premium of roughly 16%, making the euro one of the most expensive major currencies to source outside official channels. From a data analysis perspective, this sharp divergence signals constrained…

A closer look at today’s pound–naira exchange rate data points to sustained foreign exchange pressure, as the gap between Nigeria’s official market and the parallel segment remains firmly in place. According to figures published by the NGNToday platform, the official exchange rate for the British pound sterling is pegged at N1,893, while the black market rate is trading higher at N1,950 per pound on Monday, 19 January. Data Insight: Reading Between the Lines The N57 difference between both markets represents a spread of just over 3%, a level that signals continued demand for pounds outside formal FX channels. From a…

A fresh analysis of today’s dollar–naira exchange rate reveals a persistent gap between Nigeria’s official foreign exchange window and the parallel market, underscoring ongoing pressures within the FX ecosystem. Data from the NGNToday platform shows that the official exchange rate for the US dollar stands at M1,422, while the black market (parallel market) rate is trading significantly higher at N1,470 per dollar on Monday, 19 January. What the Numbers Say From a data perspective, the N48 spread between the official and black market rates reflects a divergence of roughly 3.4%. This gap is a key indicator of excess demand for…

By Clement Abayomi and Sakariyah, Ridwanullah How will the new tax laws affect me? This is a question that Nigerians seem to be asking now that the tax reform laws are being implemented. Anxiety and fear seem to have taken over, perhaps because Nigerians have often learnt that government policies can sound sweet on paper but feel bitter in reality. So when the Federal Government (FG) unveiled a set of tax reform laws in 2025, the people began to question the significance of these reforms. This article articulates reactions from various angles. Since the tax reform laws came into the…

By Clement Abayomi The political temperature in Rivers State has got intense as impeachment proceedings against Governor Siminalayi Fubara and his Deputy, Prof Ngozi Odu, revealed some conflicts between the government and lawmakers. The tension has resulted in a full constitutional process, such that lawmakers insist on allegations of gross misconduct against Fubara and his deputy. In this article, the facts and reasons behind the impeachment proceedings against Fubara in Rivers State are examined. Starting with, the Rivers State House of Assembly commenced the impeachment proceedings against both the governor and his deputy through a formal invocation of Section 188…

By Sakariyah Ridwanullah Today, Nigeria feels like a nation walking through fire with its eyes fixed on a distant promise of light. Markets are noisier, wallets are thinner, and every journey by bus or commercial transport feels like a negotiation between necessity and affordability. Conversations in homes, offices, and campuses now orbit the same themes: the rising cost of living, structural reforms, and the leadership of President Bola Ahmed Tinubu. In interviews conducted by New Daily Prime across Lagos, Ogun, Oyo, Kwara, and Sokoto states, ordinary Nigerians spoke with unusual candour about pain, patience, hope, and distrust. The administration’s diagnosis…

The All Progressives Congress (APC) in Ikwerre Local Government Area of Rivers State has passed a resounding vote of confidence in President Bola Tinubu, hailing his leadership as a beacon for Nigeria’s future. The endorsement, made at a party meeting on Monday, comes amid the state’s ongoing impeachment crisis, underscoring loyalty to the national leader despite local tensions. Party members commended Tinubu’s “Renewed Hope” agenda, crediting it with economic reforms, infrastructure boosts, and security gains. “He’s delivering for Rivers and Nigeria,” a local chairman said, urging unity behind the president for 2027. Read related news from New Daily Prime: APC…

Weekly Love Story Column  by  Olayinka Owolabi-Ajayi Attraction is instant. It is the spark that catches your attention, the chemistry that makes conversation flow easily, and the excitement that reminds you what is possible. It feels natural, effortless, and powerful. While it can begin a love story, it rarely sustains it. Attraction happens in the moment.Alignment is built over time. You can be deeply drawn to someone’s looks, energy, or personality, yet still discover that your values, goals, and vision for the future do not match. Attraction is what you feel , alignment is what you build together through understanding,…