My people, make we yarn wetin dey happen for Naira and Dollar matter. E be say, on top Thursday, January 29th, 2026, Naira don show small light for black market as e don gain some strength against Dollar. According to correct sources wey sabi, the rate dey sit for ₦1,480 for buying and ₦1,490 for selling.
As we dey chop this gist, traders talk say wetin help Naira gain be say liquidity don improve. December and January imports don finish, and e don reduce pressure wey dey make people dey rush dollar. Families wey dey settle overseas payments also dey buy, but na so-so small small them dey buy now.
Previously, on top January 28th, na so the rate dey ₦1,482 for buying and ₦1,492 for selling. The movement of the rates na because importer people dey finalize wetin dem carry come for January shipments. E no be say say as Naira dey gain now, everything don perfect, but e show say dollar dey flow small from private holders and small exporters too.
According to market operators, wetin we dey see na short-term gain, no be say the whole FX market don change. Banks and regulatory bodies still get the final say on official rates. As January dey waka go, everybody dey look as demand go balance with liquidity. The rate don dey trend between ₦1,470 to ₦1,500 per dollar for wey dem expect.
Pundits dey eulogize say as long as dollar dey available for market, e go help Naira get better standing. But if demand waka come again finish, na so wahala go fit start. Global oil price wey dey support Nigeria’s FX earning also dey give Naira small confidence.
We go still dey watch how this whole matter fit change as February enter. If Naira fit still dey stand strong in face of demand, then na better time for everybody wey dey deal with foreign goods and payments.
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