Author: New Daily Prime

Fresh foreign exchange data released by the NGNToday platform show that the euro extended its mild depreciation against the Nigerian naira on 9 January, with declines recorded in both the official and parallel markets. At the close of trading, the pound exchanged at N1,658 in the official market and N1,698 in the black market, down from the previous day’s levels of N1,660 and N1,715 respectively. Viewed through a data analysis lens, the latest figures point to a gradual softening of pound demand rather than a sudden market disruption. The N2 decline at the official market represents a marginal adjustment, suggesting…

Foreign exchange data from the NGNToday platform indicates a modest but notable depreciation of the British pound against the Nigerian naira on 9 January, with declines recorded in both the official and parallel market segments. According to the latest figures, the official exchange rate for the pound closed at N1,914, while the black market rate settled at N1,970. This represents a downward movement from the previous trading day, when the pound exchanged at N1,917 officially and N2,000 in the parallel market. From a data-driven perspective, today’s figures point to a short-term correction rather than a sharp reversal in trend. The…

An examination of Nigeria’s foreign exchange data for 9 January, reveals a market in pause mode rather than motion reflecting Thursday market. According to figures published by the NGNToday platform, the naira closed the trading day unchanged against the United States dollar across key market segments. The official exchange rate settled at N1,419 per dollar, while the black market rate remained fixed at N1,460, confirming a session defined by stability rather than speculation. From an analytical standpoint, the absence of rate movement is itself significant. In Nigeria’s typically volatile foreign exchange environment, unchanged figures often point to a temporary balance…

By Adeniyi Yusuf Musicologist, critic, and analyst Mr. Mathew Koshoedo has identified producer Bright Unegbu (Dastrings) as an emerging force within Nigeria’s entertainment space—one whose work stands out for its polish, restraint, and emotional intelligence. Bright (Dastrings) approaches music with the confidence of a producer who understands the quiet power of balance. His creative process is deliberate, shaped by an appreciation for thoughtful sound design rather than excess. Each record reflects a careful listening ear—one that knows when to add and, more importantly, when to hold back. At the core of his production style is restraint. Musical layers are intentionally…

By Clement Abayomi “How can somebody come and jump to and fro on the stage and nothing moves. The person has no charge but he’s charging. The glory is yours. No charge but you’re charging. I blame the pastor that is paying.” — Pastor Lawrence Oyor The question of whether music ministers should charge money for ministrstions has captured general concerns. To Pastor Lawrence Oyor, for instance, there has to be genuine quality of service. It is more about the minister and God. Going beyond this, several perspectives continue to open discussion on how financial transactions may, in some cases,…

By Clement Abayomi A straightforward question that has now moved from internal party discussion to a nationally recognised political issue is the question of who leads the All Progressives Congress (APC) in Rivers State. This discussion has been following Governor Siminalayi Fubara since his defection to the APC and the ensuing arguments involving prominent political actors. There have been contrasting claims, party belief systems, and political tension between the governor (Fubara) and the Minister of the Federal Capital Territory (FCT), Nyesom Wike, all of which seem to have thrown clarity into the dark. But thanks to authoritative clarifications by APC…

By Clement Abayomi National attention has heavily turned to the appointment of former Chief of Defence Staff, Gen Christopher Musa, as Nigeria’s new Minister of Defence. His appointment has generated strong attention among Nigerians, analysts, and security experts who have begun to express both optimism and heightened expectations amid increased terrorism, banditry, and kidnapping in Nigeria. Gen Musa’s return to national service has been seen by many as a critical moment, especially at a time when insecurity has a firmer grip on communities across the country. His transition from Chief of Defence Staff (CDS) to Minister can be seen as…

The Nigerian foreign exchange market presented another tale of divergence on 8 January, as the British pound sterling displayed contrasting movements across official and parallel trading windows. Fresh figures published by the NGNToday platform indicate that while the pound weakened slightly at the official market, pricing in the black market remained unchanged, reinforcing the cautious and segmented nature of Nigeria’s FX environment. At the official foreign exchange window, the British pound was exchanged at N1,917, reflecting a depreciation when compared with the N1,920 recorded on 7 January. Though marginal, the decline highlights a continued adjustment process within the regulated market,…

The Nigerian foreign exchange market displayed yet another day of contrasting fortunes for the US dollar on 8 January, with the official and black market rates moving in opposite directions. According to the NGNToday platform, the dollar weakened slightly in the regulated window, while the parallel market remained unmoved, reflecting persistent structural gaps in the country’s currency markets. At the official market, the US dollar was exchanged at N1,419, down from N1,430 recorded on 7 January. This continued a string of minor depreciations, indicating a subtle strengthening of the naira in official channels. Market analysts attribute this movement to short-term…

Nigeria’s foreign exchange market recorded a split performance for the Euro on January 8, as fresh data from the NGNToday platform revealed diverging movements between the official market and the parallel segment. While the official rate reflected a noticeable adjustment, the black market maintained a largely unchanged posture, underscoring the uneven pace of currency price discovery across the FX landscape. At the official exchange window, the Euro was quoted at N1,660, representing a depreciation from the N1,667 recorded on 7 January. This shift indicates a modest softening of the Euro against the naira within the regulated market, suggesting either an…