Wetin we go talk? Naira don flex muscle gidigba for 2025, my people! E don gain over N100 against the mighty dollar dem! Omo, this na big news wey everybody suppose hear!
As we dey close the year, naira end am for N1,435.75 per dollar. Just last year, naira dey struggle at N1,535.82. This year, e don show say e wan take am easy, as dem report say naira don appreciate by 6.96 percent. This na serious level!
Now, make we talk about why this naira matter be like dey shine. Na Nigeria’s external reserves don increase by 11.3 percent; na big collect! E rise from $40.88 billion in 2024 to $45.48 billion by December 30, 2025. This kind improvement no be small matter o!
Muda Yusuf, wey be director for Centre for the Promotion of Private Enterprise, yan say na the stability wey naira dey show na one of the beta things wey happen for 2025. E laff talk say naira dey trade around N1,440 to N1,500, and with the way e dey appreciate, even businesses dey smile more.
Financial analysts for FSDH Merchant Bank talk say conditions for foreign exchange market don better, thanks to policy reforms and tight monetary conditions. Dem even gree say naira dey trade on average for N1,518.9, and before we sabi am, e don climb N1,451 on the last day of the year.
Wetin dey happen for black market too no dey joke. Naira don gain for that side too, closing 2025 for N1,485 per dollar—na 11.1 percent better compared to N1,650 last year. E don show say we fit balance the market well, as demand and supply don dey balance small.
The CBN don talk say dem dey expect reserves go rise again, maybe reach $51.04 billion by 2026. With Dangote Refinery expanding now, we go fit reduce import matter and make naira shine more!
But make we no forget, as we dey rejoice, some economists don dey warn say January fit bring wahala again as people go begin import again. Naira fit enter small wahala as business activity go increase after the holidays. We go dey watch and see wetin go happen.
For now, make we just dey enjoy this naira win and hope say e go continue to dey shine. Happy New Year to everybody and make we keep de vibes alive!
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