You don hear am? Naira don shine small small this week as e appreciate by N1.65 against US dollar for official market on Friday. E dey trade now for N1,454.41. Wetin CBN yan be say na 0.11 percent increase from yesterday wey dem record N1,456.06. Naija money don face some small wahala this week but e still hold ground.

As the week start, Naira dey waka everywhere with small fluctuations, even get some losses midweek. On Wednesday, e dey sell for N1,455.38, after dem see N1,451.86 on Monday and N1,454.38 on Tuesday. Na this bounce back dey show say Naira dey try hold im side for the market despite all the small jabs e dey receive.

CBN no dey slack for dis one as dem intervene for the forex market by selling forex to banks and dealers for official window. This move help cool down the pressure wey dey on top Naira, making am gain some ground against dollar. For NAFEM, Naira don also trade for N1,454.50/$1, after dem see N1,456.07/$1 yesterday. E still improve against pound too, close with N1,946.15/£1, but na Euro wey dem collect small, as e decline by 10 Kobo to N1,706.46/€1.

For black market, Naira still dey stable at N1,470/$1, and e dey flat at N1,463/$1 at GTBank forex counter. E be like say CBN dey try extra hard to balance the market as forex reserves dey increase for twenty-five consecutive weeks. Dem don increase by $396.84 million to $45.44 billion.

But wetin dey happen for cryptocurrency market? E no too fine as e dey fall again due to pressure from US Federal Reserve. Bitcoin don lose small, dey sell for $90,342.74. Ethereum don drop, Cardano too, and even Dogecoin dey follow dem. All these na sign say the market dey shake as pipo dey feel the heat.

Overall, Naira don show say e fit hold im ground for official market. Na waiting we go dey watch as e be now, because we sabi say forex no dey easy to manage, especially for festive season when everybody wan buy buy.