Omo, naira don shine small small for black market as e dey gain ground against dollar!
As of January 29, 2026, naira dey exchange for ₦1,480 to buy dollar and ₦1,490 to sell am. Na verified foreign exchange quotes from BDC operators for Lagos, Abuja, Port Harcourt, and Kano wey confirm dis gist. E be like say improved liquidity don help ease pressure wey dey usually dey for end of month.
Traders yan say extra dollar wey don enter market from private holders and small exporters don help stabilise the rate as January dey waka come to an end. E be like say importers don do their January shipments, na im make demand no dey high like before.
For black market arrangement, naira don slip small small but e no be wahala. Market go dey follow the latest exchange movements, and e dey run within ₦1,480 to ₦1,490 across di main commercial cities. Na for dere we go see how traders dey adjust these days.
Notice say even with some demand from families wey dey make overseas payments, di intensity of buying don calm down small. This slight gain wey we dey see for naira no mean say everything don change for FX market o. E just be like temporary happy mood, make we dey watch how e go go.
But as market dey run, several factors dey influence the Dollar to Naira rate. Businesses don finish January import settlements wey dey reduce demand pressure. Some private holders dey drop extra dollars wey dey help balance matter. Families dey still dey buy foreign currency, but e no dey as plenty as dem dey do before. Na this liquidity matter dey help reduce speculative buying.
E get important things wey insiders dey talk about future dollar moves. If supply conditions no improve over time, naira fit still dey face pressure as e dey enter February. Experts dey project we go dey see Dollar to Naira rate between ₦1,470 and ₦1,500 as February dey approach. So make we dey shine our eyes!
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