The British pound presented a contrasting picture against the Nigerian naira on Monday, 6 January, as movements at the official and parallel segments of the foreign exchange market diverged sharply.  Following the exchange rate market data obtained from the NGNToday platform reveal that the pound weakened at the official window, exchanging at N1,936, while gaining significant strength in the black market, where it rose to N2,150, compared with rates recorded…

The euro retreated against the Nigerian naira on 6 January, as the foreign exchange market adjusted to changing demand conditions following the relative calm recorded a day earlier.  Latest figures published by the NGNToday platform show that the European currency exchanged at N1,687 through official channels, while the rate in the parallel market slipped to N1,680, indicating a depreciation from the levels seen on 5 January. Market observers describe the…

The euro maintained a stable footing against the Nigerian naira on Sunday, January 5, extending the calm seen in the foreign exchange market a day earlier. Figures from the NGNToday platform indicate that the euro maintained its position, exchanging at N1,678 through official channels and N1,705 on the parallel market, with no change from the levels seen on January 4. The unchanged figures reflect a brief pause in market activity,…

The United States (US) dollar maintained a steady exchange rate against the Nigerian naira on Sunday, 5 January, extending the calm recorded a day earlier amid cautious trading across Nigeria’s foreign exchange market. According to figures released by the NGNToday platform, the dollar continued to trade at N1,430 at the official market and N1,490 in the parallel market, unchanged from rates observed on January 4. The lack of movement in…

The British pound maintained a steady position against the Nigerian naira on 5 January, extending the stability recorded a day earlier despite lingering pressures within the foreign exchange market.  Figures published by the NGNToday platform indicate that the pound continued to exchange at N1,925 at the official window and N1,995 at the parallel market, unchanged from rates observed on 4 January. The absence of movement in both segments of the…

On 4 January, the Nigerian naira experienced continued pressure against the British pound, with significant gaps persisting between official and parallel market rates. Data obtained from the NGNToday platform show that the pound exchanged at N1,925 at the official market, while in the black market it traded at N1,995, reflecting a N70 differential that underscores ongoing foreign exchange pressures in the country. Analysts attribute the widening gap to a combination…

The Nigerian naira came under renewed pressure on 4 January, as the euro continued to strengthen in the country’s parallel foreign exchange market. According to the NGNToday platform, the euro exchanged at N1,705 in the black market, highlighting the ongoing tension between demand and supply for foreign currency. The persistent gap between demand and availability has kept the parallel market active, with traders and importers turning to unofficial channels to…

The Nigerian naira recorded mixed movements against the United States dollar on Saturday, 4 January, as the foreign exchange market continued to reflect underlying pressures from demand-supply imbalances, policy adjustments and market sentiment. Data obtained from the NGNToday platform show that the US dollar exchanged at N1,430 at the official window, while the greenback traded significantly higher at N1,490 in the parallel, commonly referred to as the black market. The…

Nigeria’s spending on overseas medical treatment fell by more than 96 per cent in the first half of 2025, according to newly released central bank data, a decline that analysts say reflects the impact of foreign exchange reforms and shifting economic conditions under President Bola Ahmed Tinubu’s administration. Figures from the Central Bank of Nigeria (CBN), covering the period from January to June, show that Nigerians spent just $0.09m on medical…

Nigerian naira traded steadily against the euro today, with exchange rates holding firm across both the official and black market segments, according to data published by NGNToday. The figures show no change between consecutive updates, suggesting a brief period of calm in the euro–naira market amid lingering structural pressures. NGNToday data indicate that the official exchange rate for the euro remained at ₦1,687 per €1, while the black market (parallel market)…

The Nigerian foreign exchange market presented a mixed picture today as the British pound sterling traded at varying levels against the naira across official and black market segments. Latest data from NGNToday indicate continued pressure on the naira, driven by sustained demand for foreign currency and limited supply within the official window. According to figures published by the NGNToday platform, the official exchange rate for the UK pound stood at ₦1,934…

The Nigerian naira maintained a stable position against the United States dollar in the opening days of January 2026, with no movement recorded in both the official and black market segments of the foreign exchange market. Data published by NGNToday show that the exchange rate remained unchanged on January 2 and January 3, 2026, reflecting a period of short-term equilibrium in the currency market. According to the figures, the official…