Today, January 19, 2026, the Nigerian Naira shows relative stability against the US Dollar, trading around 1,470 in the official market, with parallel rates slightly higher but the gap narrowing due to reforms and increased oil/remittance inflows, though concerns linger over long-term oil-driven liquidity; meanwhile, the GBP/NGN also shows modest official fluctuations, with parallel rates remaining elevated, reflecting ongoing efforts to unify forex windows.
caveattimes online Newspaper reports that, Global markets are navigating uncertainty, with the US dollar strengthening against some currencies amidst Fed speculation, though specific major currency news is focused on regional factors like Europe and Asia.
USD/NGN: Around 1,470 official rate, with parallel market rates (BDC) at ~1,472-1,475, showing reduced volatility from 2024/2025 highs.
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