Lagos, Nigeria – As we enter new week, naira don show sign say e wan relax for corner. Wetin happen? Dollar don waka enter black market for ₦1,480 to buy and ₦1,495 to sell, according to data wey Okay News gather on Monday, 20th October 2025. E no good o, no be small wahala.
As we check other currencies, dem no carry last. British Pound dey flex for ₦1,980 for buying and ₦2,020 for selling. Euro self no wan dull; e dey trade for ₦1,690 to buy and ₦1,740 to sell. Even Canadian Dollar manage dey hold ground, exchanging at ₦1,050 for buying and ₦1,060 for selling. Na serious market we dey so!
Why naira dey behave like this? Analysts talk say na because importers and travelers dey shine their eyes for foreign exchange plus naira liquidity dey scarce for official windows. So people dey rush for black market like say na sweet spot wey go solve their problems.
But no worry, CBN don promise say dem go try help the naira. Dem dey plan interventions plus better FX inflows, but as e be, black market still dey hold ground for retail transactions. Na wetin dem dey call ‘market realities’ o.
So, whether you dey plan travel or you just wan flex for street, make sure say you prepare well for current wahala wey dollar and naira dey cause. E no get better time to keep your money safe, or you fit just buy palm wine: better for stress relief!
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