Author: New Daily Prime

The Nigerian naira maintained stability against the United States dollar on Tuesday, 13 January, as exchange rates closed unchanged across both the official and black markets, according to data from the NGNToday platform. At the official market, the dollar traded at N1,419, the same rate recorded on Monday, 12 January. The parallel market also remained steady, with the dollar exchanging at N1,495, indicating a continuation of the naira’s marginal appreciation from the previous session. Market data suggest a calm trading environment, as the local currency faced no fresh depreciation pressures. Analysts describe the session as one of consolidation, with dollar…

The British pound sterling maintained a steady position against the Nigerian naira on Tuesday, 13 January, reflecting a pause in recent market volatility, according to data from the NGNToday platform. At the official foreign exchange window, the pound exchanged at N1,908, unchanged from the rate recorded on Monday, 12 January. Similarly, activity in the parallel (black) market showed the pound trading at N2,010, also holding the same level as the previous day. This consistency indicates a short-term equilibrium between demand and supply across both market segments. From a data analysis perspective, the unchanged rates suggest that the marginal appreciation observed…

The euro traded on a steady note against the naira on Tuesday, 13 January, reflecting a pause in recent currency movements across both official and parallel market segments, according to data from the NGNToday platform. At the official foreign exchange window, the euro closed at N1,658, unchanged from the previous trading session on Monday, 12 January. Similarly, activity in the black market showed stability, with the euro exchanging at N1,710, matching the rate recorded a day earlier. Although headline figures point to a flat close, market analysis indicates that the euro is consolidating gains made in the preceding session. The…

The euro maintained a firm footing against the naira on Monday, 12 January, as both the official and parallel market rates closed unchanged, signalling short-term stability in Nigeria’s foreign exchange market. Data obtained from the NGNToday platform show that the single European currency exchanged at N1,658 at the official market, while the black market rate stood at N1,710. These figures mirror Sunday closing rates of 11 January, confirming a steady performance following the euro’s recent appreciation against the local currency. From an analytical standpoint, the flat movement suggests that the market is currently in a holding pattern, with demand and…

The British Pound maintained a firm footing against the naira on Monday, 12 January, reflecting continued stability in Nigeria’s foreign exchange market, according to data obtained from the NGNToday platform. At the official market, the pound exchanged at N1,908, showing no change from the previous trading session. This steady close follows an appreciation recorded on Sunday, 11 January, when the currency strengthened from earlier levels, reinforcing a short-term trend of resilience in the official window. Similarly, the black market rate for the pound settled at ₦2,010, unchanged on the day. The parallel market has also sustained gains made in the…

The naira closed Monday, 12 January, on a steady note against the United States dollar, maintaining the same levels recorded in the previous session across both the official and black-market segments, according to data from the NGNToday platform. At the official foreign exchange window, the naira traded at N1,419 per dollar, unchanged from the prior day’s closing rate. Similarly, activity in the parallel market showed stability, with the dollar exchanging at N1,495, reflecting no movement from the previous session. This flat performance signals a short-term consolidation in the foreign exchange market following recent gains by the local currency. Market analysts…

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…