If you no hear am, make you sit tight! Naira don show pepper as e appreciate for forex market. As October 2025 close, naira don settle for 1,421.73/$, na im highest this year. Data wey Central Bank of Nigeria drop confirm say naira dey dance small, wey trade below 1,500/$ throughout the month. I no go lie, people wey dey panic don rest small!
On 17 October, naira even waka weak reach 1,475.35/$, but no wahala, e don bounce back quickly. For parallel market sef, naira dey do am well, as e close for N1,450.00/$ on that Friday, say na CardinalStone confirm am. E no be small achievement o!
AIICO Capital drop report wey talk say na the foreign portfolio investors dey help our naira shine. Dem dey bring overflow of foreign currency wey dey help balance market liquidity and ease the pressure on naira wey dey cry for help. According to dem, naira don gain 2.48% week-on-week, e dey shine class!
And no forget our external reserves self, dem don increase to $43.17 billion as of 30 October 2025. From $42.35 billion wey dem get last month, na $819 million gain wey show say things dey improve small-small. No be bad news, abi?
Analysts dey talk say this naira stability go continue into the coming week. CSL Research don talk say Dangote refinery dey boost naira, even when oil prices dey play hide and seek. Them say, ‘Naira dey hold ground abi? Current account balance don improve join all dis wahala, e don record surplus of $5.3 billion in Q2 2025.’ Chai, this one na big win for economy!
As e be so, dem go continue to chop steady intervention from CBN, plus wetin dem also talk about global investors wey don start to dey smile with una naira. Investors wey subscribe to one-year OMO bills last year dey enjoy better returns as dem dey realize net return of about 36% at current exchange rates. E clear say naija dey attract serious investors!
So, all dis forex story educate us say we fit makethings happen if we do am right. Naira dey shine like sun, make we hope say this light no go dim.
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