No be small matter o! Naira don dey perform wonders for market as e don drop below N1,400 for dollar. E dey sweet to hear say, on Tuesday wey pass, naira close for N1,400.66 per dollar. E even strong reach N1,394 the next day; na na the best performance wey we don see in recent times.
Before dis time, the currency don dey rise well-well since January. Last week, naira end for N1,401.2/$ but na now, the official market dey show naira get serious potential. Dem dey talk say parallel market still dey chill, no wahala as naira don balance.
Experts dey observe say the space between official and black market rates dey shrink small-small, this na positive sign for economy. Just imagine if naira fit maintain dis momentum, e go help reduce high price wey dey vex many Nigerians.
As we dey enter 2026, analysts don dey predict say if foreign investors continue to dey convert dollars to naira, we go fit see naira appreciate reach N1,300 – N1,350 per dollar before quarter end. Na oil revenue and foreign reserves dey support this action too. Big companies dey enjoy this as dem fit pay less naira for their imports.
Naira, e no be juju abeg. E dey rise thanks to foreign investors wey carry money come, exporters wey go make money and the naira strong hold from the Central Bank. As per January, naira don do well, gaining about 7%-9% against USD, e no be play.
Nigel Green, wey be CEO for deVere Group don shout say dollar supremacy dey shake, market dey react as Trump dey talk like say he no fear the dollar fall. But people no wan hear wetin e dey yarn, investors dey look for another way. E be like say currency market dey send warning signal everywhere, and dis na big deal.
The reports don confirm say currency dey move fast, and naira dey hold its own right now. All over the world, other currencies don dey win against dollar; even euro and pound don show muscle. E be like say naira dey join the winning side!
For the informal market, naira still dey find way to shine, trading at N1,431/$, even as the pressure dey ease off for the currency. Naija dey watch closely as this energy dey surround our currency, we go just pray make we continue dey see growth.
Wetin we fit take out from all this be say, as current oil prices dey stable next month, and with better financial inflow, naira get the chance to shine bright. E dey important make everybody dey put eye for these developments, as e fit affect all of us.
Naija, make we gather together and hope say our naira fit stand strong against all odds. Na food, rent, and bills we dey think about. E go better!
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