Omo, e be say for this new trading week, naira don jom jom for black market as dollar dey find am hard to show face. As of January 26, 2026, naira dey buy dollar for ₦1,485 and sell for ₦1,495. Na so market dey move, no wahala!
Bros, make I tell you wetin dey happen. The demand wey dey come from importers wey wan settle their bills and families wey dey arrange money for schools abroad don keep naira stable small. Though liquidity don improve small compared to wetin we see for early January, but e still dey swing small-small!
Make I drop the latest gist from the black market: e be say dollar rate dey within ₦1,485 and ₦1,495 across big cities like Lagos, Abuja, Port Harcourt, and Kano. Dealers don talk say transactions dey close for selling rate as buyers still dey active. E be like say na the new month demand naim dey drive the hustle!
But wait, no let me forget the small-small things wey dey affect this market. First, we get businesses wey dey finalize January procurement payments, so they dey waka with dollars. Then families dey hustle for foreign currency for tuition and accommodation. E get as foreign remittances from di diaspora don dey drop small since December, limiting fresh dollar supply. Some private holders dey bring dollars enter market to balance the matter. Na yawa!
However, we no go forget say the US dollar dey show strong face internationally, as e dey influence forex pricing all over the world. Na all these factors combined dey keep the Dollar to Naira rate steady but still dey high.
As usual, financial analysts don talk say if structural FX inflows no increase, naira fit still dey face gbege in weeks wey dey come. Expect say the Dollar to Naira go remain within ₦1,480 – ₦1,505 per dollar till the month finish. E no go too shaka. Na market participants go dey closely monitor dis naira and dollar wahala as January dey waka go!
For reliable updates, people dey rely on central bank information to track how this whole forex matter dey play out. Remember say na the balance between demand and supply wey go dictate wetin go happen for this naira and dollar exchange rate for black market. As e be now, we go just dey watch make we see how e go unfold!
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