NAIRA RECORDS FRESH MOVEMENTS

By— Pen Blog Media.
Date: Monday, 20th April, 2026 | Dhul Qa’dah 2nd, 1447 AH.






















THE Nigerian currency, Naira has recorded fresh movements against major foreign currencies today, reflecting ongoing adjustments in Nigeria’s foreign exchange market at the start of the week.

Early trading data showed fluctuations in the value of the local currency against the US dollar and British pound, amid persistent demand pressures and evolving policy measures.

Reacting to the development, the Central Bank of Nigeria (CBN) maintained that efforts are ongoing to improve market stability and liquidity.

A senior CBN official, who spoke in line with recent policy direction, noted:

“Stability in the foreign exchange market remains a priority. We are implementing measures to enhance transparency and boost confidence in the system.”

Economic analysts say the naira’s performance continues to influence business costs, import pricing, and household spending, with many stakeholders watching for clearer signs of sustained stability.

As the week progresses, market participants are expected to monitor both local policy signals and global economic trends shaping currency movements.

Comments

Post a Comment

Popular posts from this blog

JAMB 2026 CUT-OFF MARK FOR ALL UNIVERSITIES IN NIGERIA (FULL LIST)

Image
By : Abdul-Qoyyum Adeshola, Badmus . Date : Sunday, 5th April, 2026 (17th Shawwāl, 1447 AH). THE Joint Admissions and Matriculation Board (JAMB) has announced the official benchmark cut-off mark for the 2026 Unified Tertiary Matriculation Examination (UTME). Thousands of candidates who sat for the examination are now eager to know the minimum score required to secure admission into universities, polytechnics, and colleges of education across Nigeria. In this article, you will find the official JAMB 2026 cut-off mark, expected departmental cut-off marks for popular universities, and what you should do if your score is below the required mark. Read carefully to understand how admission decisions are made. Is JAMB 2026 Cut-Off Mark Officially Out? Yes . JAMB has announced the general benchmark cut-off mark for the 2026 admission year. However, it is important to understand that the benchmark score released by JAMB is not the same as the final departmental cut-off mark used by individual...
Read more

BREAKING: DHQ CONFIRMS DEPLOYMENT OF 100 U.S. MILITARY TRAINERS TO NIGERIA

Image
By : Abdul-Qoyyum Adeshola, Badmus . Date : Monday, 16th February, 2026 ( 28th Sha'ban, 1447 AH ). THE Defence Headquarters (DHQ) has officially confirmed the arrival of approximately 100 United States military personnel in Nigeria to strengthen the operational capacity of the Armed Forces of Nigeria (AFN). According to military authorities, the U.S. personnel and their equipment landed at the Bauchi Airfield as part of a bilateral defence cooperation agreement between Nigeria and the United States. The arrangement followed a formal request by the Federal Government to enhance specialised training and technical support for Nigerian troops. The DHQ disclosed that the decision was finalised during a joint working group meeting involving senior defence officials from both countries. The discussions reportedly centred on bridging identified gaps in training, intelligence sharing, and technical operations within the Nigerian military. A senior military official explained that the vi...
Read more

BREAKING: SAUDI ARABIA ANNOUNCES SIGHTING OF RAMADAN CRESCENT, FASTING BEGINS TONIGHT

Image
By : Pen Blog Media . Date : Tuesday, 17th February, 2026 ( 29th Sha'ban, 1447 AH ). THE Kingdom of Saudi Arabia has officially declared the sighting of the Ramadan crescent, marking the commencement of the holy month of Ramadan 1447 AH . The confirmation was issued just in the beginning hours of this evening, following verified reports from authorized moon-sighting committees across different regions of the country. With the new moon established, Sha’ban has concluded, and Muslims in the Kingdom of Saudi Arabia will begin observing Ramadan from tonight, with the first day of fasting set for Wednesday. Earlier, the Supreme Court of Saudi Arabia had called on residents to observe the sky on the 29th night of Sha’ban and report any credible sighting of the crescent. The latest announcement affirms that the hilal has been successfully observed in accordance with Islamic tradition. Ramadan, the ninth month of the Islamic lunar calendar, is a sacred period dedicated to fasting fr...
Read more