Author: New Daily Prime

The euro closed Friday, 15 January, in a flat trading session against the naira, reflecting a market in consolidation after recent movements, according to the NGNToday platform. At the official window, the euro remained at N1,656, while the parallel market rate held at N1,705, unchanged from Thursday, 14 January. The absence of price shifts suggests that market participants are taking a cautious approach, neither pushing the currency higher nor testing lower thresholds. From a data perspective, Friday’s stability highlights a temporary equilibrium between demand and supply pressures. Traders appear to be recalibrating positions after prior fluctuations, resulting in muted activity…

The naira closed Friday, 15 January, on stable footing against the US dollar, with exchange rate data pointing to a session defined more by balance than momentum, according to figures from the NGNToday platform. At the official foreign exchange window, the dollar was quoted at N1,419, while the parallel market rate settled at N1,487. Both rates were unchanged from Thursday, 14 January, confirming that the appreciation recorded earlier had carried over without triggering further adjustments. Rather than signalling stagnation, the flat pricing reflects a market that has temporarily absorbed recent movements. After incremental gains in the naira’s position, traders appeared…

The British Pound closed Friday, 15 January, on a note of consolidation against the naira, with rates unchanged across both official and parallel segments, according to data from the NGNToday platform. At the official window, the pound traded at N1,913, while the black market rate stood at N1,995. These levels mirror Thursday’s figures, confirming a steady carryover rather than a fresh price discovery cycle. From a data perspective, the stability suggests that the modest appreciation recorded earlier in the week has been fully priced into the market. Dealers appear to be holding positions rather than reacting aggressively, a pattern often…

The United States dollar closed Thursday, 15 January, with no fresh movement against the Nigerian naira across both the official and parallel foreign exchange markets, reinforcing a short-term period of stability, according to data from the NGNToday platform. At the official exchange window, the dollar traded at N1,419, unchanged from the rate recorded on Wednesday, 14 January. The flat close reflects balanced activity within the regulated market, where pricing has remained largely anchored in recent sessions. In the black market, the dollar also settled at a steady N1,487 on Thursday. While the rate showed no day-on-day change, it represented an…

The British pound closed trading on Thursday, 15 January, on a largely stable note against the Nigerian naira, with contrasting movements recorded across the official and black market segments, according to data from the NGNToday platform. At the official foreign exchange window, the pound strengthened slightly to N1,913, improving on the N1,908 recorded on Wednesday, 14 January. The modest appreciation highlights continued firmness in institutional pricing, suggesting sustained demand within regulated FX channels. In contrast, the parallel market reflected a different adjustment pattern. While the pound remained steady on Thursday at N1,995, the rate marked a decline from the previous…

The euro closed Thursday, 15 January, on a stable note against the Nigerian naira, with no variation recorded across both the official and parallel exchange rate segments, based on figures published by the NGNToday platform. At the official foreign exchange window, the European currency was priced at N1,658, matching the rate seen on Wednesday, 14 January. Activity in the black market followed the same pattern, as the euro was exchanged at N1,710, reflecting zero day-on-day movement. An analytical look at the figures shows a consistent spread of N52 between the two markets. The unchanged margin suggests that arbitrage pressure remained…

The Nigerian foreign exchange market remained calm on Wednesday, 14 January, with the euro maintaining stability across both official and parallel (black) market segments, according to the NGNToday platform. At the official window, the euro was quoted at N1,658, unchanged from the previous trading day. Meanwhile, the parallel market recorded the euro at N1,710, reflecting minimal fluctuations in demand and supply dynamics. Market Analysis Analysts suggest that the steady levels indicate a period of consolidation following recent volatility, with the Naira showing resilience amid cautious trading activity. Parallel market turnover was moderate, while official window operations remained orderly, providing predictability…

The British Pound held steady against the Nigerian naira on Wednesday, 14 January, according to NGNToday data, as the market paused after recent fluctuations. The pound exchanged at N1,908 on the official market, while the parallel (black) market rate stood at N2,010, unchanged from Tuesday, 13 January. Official vs Parallel Market Dynamics Though the rates remained numerically flat, analysts interpret this as a continuation of the pound’s earlier gains, signalling a period of short-term stability. The official rate reflects ongoing Central Bank interventions aimed at curbing excessive volatility, while the black market rate still carries a premium due to persistent…

At the official foreign exchange window, the naira closed at N1,419 per dollar, unchanged from the rate recorded on Tuesday, 13 January. Similarly, activity in the parallel (black) market showed stability, with the dollar trading at N1,495, matching the previous day’s level. The unchanged figures from NGNToday indicate that the marginal appreciation recorded earlier in the week has been sustained, rather than reversed. A data-driven review of market movements suggests that the foreign exchange market is currently in a consolidation phase.  After brief episodes of fluctuation, both the official and informal segments appear to be responding to improved short-term confidence,…

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…