HomeBusinessNaira Don Strong Small Small Against Dollar As Year End Dey Close

Naira Don Strong Small Small Against Dollar As Year End Dey Close

Omo, Naira don show small sign of strength as we dey enter new year. Yesterday, for NAFEM market, Naira rise by N9.92 come settle for N1,435.76/$1. E be like say this new year go bring better luck for our currency.

Wetin dey happen be say, as dem dey send money home for New Year celebration, dollar dey come in small small, wey make market balance. Last week, Central Bank of Nigeria (CBN) don dey enter forex market sharp sharp with $150 million to help Naira get strength. E still drop another $50 million this week, all dis to make sure say Naira no go the wobble every time.

Naira sharply improve against Pound Sterling too, from N1,951.67/£1 wey e dey go for, now na N1,934.25/£1. Na for Euro side, e no dey too bad as e come down from N1,700.27/€1 to N1,687.88/€1. People dey try manage their money as the year dey close, so e dey good to see Naira no dey too much loose.

But as dem dey pop champagne for New Year celebration, we no go forget say investors still dey shine eyes well. Dem dey watch for wetin go happen for first quarter of 2026. Analysts talk say, if this wetin CBN dey do continue, we fit see Naira maintain im stability.

For crypto market, na different story. E dey wobble small small as Cardano and Dogecoin no gree move up. E look like say investors dey fear to put money down again. But Ethereum just show small strength, dem don rise by 0.1% to sit down for $2,972.66.

Make we dey observe as everything dey unfold, but for now, Naira don remind us say e fit still shine if we do the right thing.


Do you have a news tip for NNN? Please email us at editor @ nnn.ng


Esther Olayemi
Esther Olayemihttps://nnn.ng/
Esther Olayemi na reporter for NNN. NNN dey publish hot-hot tori for Nigeria and around di world for naija pidgin language so dat every Nigerian go fit follow national news, no mata dia level of school. NNN dey only publish tori wey be true-true, wey get credibility, wey dem fit verify, wey get authority, and wey dem don investigate well-well.
RELATED ARTICLES
- Advertisment -

Most Popular