City, Nigeria – As we enter the new month of October, naira just dey shine like diamond for forex market, my people! On Thursday, October 2, 2025, naira don rally come close to dollar for both official and parallel markets, e dey trade for about 1,455 naira per dollar. Na so e go jam July, make we toast palm wine!
Last week, naira reason for trade position don improve. From 1,480.33 naira, we see am dip well-well to 1,455.42 naira! Dem no fit say Nigeria no dey make am happen with the Central Bank (CBN) flexing e muscles to control market. Dem dey sell dollar chop-chop, and demand no dey choke like before, you get?
Traders dey talk say, “Dis naira gain no be by chance o! E go strong because liquidity sef dey improve thanks to wetin CBN dey do.” Our reserves dey steady too, thanks to e plenty import/export hustle, you sabi? Now we even import less fuel as Dangote Refinery don start to send petrol to America. Na so we go fit dey rely less on foreign fuel!
But wetin dey happen for cryptic Ghana? E no too rosy for the cedi, my guys. Demand for dollar don make am suffer small-sample, trading at 12.50 cedi per dollar instead of 12.30 wey e be last week. E get as market dey behave like gin drinker for bar when e no get change.
Zambia no dey far from wahala too as kwacha dey struggle under heavy corporate dollar demand. E dey trade 23.99 kwacha for dollar. Wetin we go talk? Dem dey feel the pressure like wetin rain dey do carpet. Meanwhile, Kenya’s shilling dey remain steady, like old man wey no want make anybody disturb am at all.
Back to we naira, e don rise 1.7% for less than one week follow as e don gain 3.3% for September. Analysts dey reason say Nigeria dey show strong potential with foreign inflows don bask in e glory! E no dey just fine, but e dey good! As e happen so, na, naira rise don increase investor sentiment and dey ease small inflation worries. E dey show say fiscal policies dey work – like magic!
One bright light be when Moody’s upgrade Nigeria’s credit rating for dem to see we sabi dey do better business. As countries dey stampede so, naira don respond to all di good vibes to stabilize Forex. But no dey get mind for celebration yet! Investment and confidence go still need time to break ground strong!
We go keep our eyes on these developments sharp sharp. Remember, if any sudden moves happen we fit see naira face fresh wahala as dey expect strong dollar influx fall!”
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