Author: New Daily Prime

The naira’s performance against the euro on Saturday, 17 January, 2026 reflected a cautious equilibrium across Nigeria’s foreign exchange markets, with contrasting signals from the official and parallel segments. According to data published by the NGNToday platform, the official exchange rate for the euro closed at N1,649, unchanged from N1,649 recorded on Friday, 16 January. Although the figure remained flat, analysts describe the movement as a sign of underlying weakness, as the naira failed to post any recovery amid ongoing demand pressures for the European currency. At the black market, the euro also traded steadily at N1,705, maintaining the same…

The Nigerian naira recorded a broad-based decline against the British pound on Saturday, 17 January, underscoring renewed pressure across both regulated and unregulated foreign exchange segments. Figures published by the NGNToday platform indicate that the official exchange rate for the pound sterling fell to N1,893, down from N1,913 on Friday, 16 January. The movement reflects a depreciation of the naira at the formal window, interrupting the relative stability seen earlier in the week. The trend was mirrored more sharply in the black market, where the pound exchanged at N1,950, weakening further from N1,995 recorded the previous day. This shift highlights…

The naira delivered a mixed performance against the United States dollar on Saturday, 17 January, reflecting the persistent divergence between Nigeria’s official and parallel foreign exchange markets. Data obtained from the NGNToday platform show that the naira appreciated at the official market to N1,422 per dollar, improving slightly from N1,419 recorded on Friday, 16 January. This marginal gain signals continued efforts by monetary authorities to stabilise the formal foreign exchange window through tighter controls and managed liquidity. However, the picture was less positive at the black market, where the naira depreciated to N1,470 per dollar, compared with N1,487 the previous…

The leadership of the All Progressives Congress (APC) UK Manchester Caucus is pleased to receive the news that Abba Abubakar, son of former Vice President Atiku Abubakar, has decided to support the re‑election of President Bola Ahmed Tinubu in 2027. This decision shows that more Nigerians are accepting President Tinubu’s leadership and his plan to rebuild Nigeria through the Renewed Hope Agenda. It also confirms that the President’s policies and reforms are bringing people together across different political parties in the interest of progress, stability, and economic growth. Read related news from New Daily Prime:  Atiku reacts as son dumps PDP for APC As an organisation that…

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…