Naira Don Shine Small Small, Gain ₦15 For FX Market

Abuja, Nigeria – November 2, 2025 – E be like say naira don finally catch small vibe, as e gain ₦15.33 against the U.S. dollar on October 31. E juke for ₦1,440/$1 for buying and ₦1,450/$1 for selling, better improvement from the ₦1,465/$1 wey e dey yesterday. E be like say our dear naira dey find im footing for both the parallel market and the official market (who say money no dey?).

For this latest movement, our trusty Central Bank of Nigeria (CBN) sabi play better ball by stepping in to boost market liquidity and stabilize the exchange rate. But no be say we don win the jackpot yet o! Analysts still dey warn say dollar shortage plus strong import demand fit still cause wahala for the naira if we no carry am well.

You sef fit remember say before this naira wahala, we dey see the currency dey wobble left and right, but now, na different story. E don dey rise against U.S. dollar, Pound Sterling, and Euro too. Stronger naira mean we fit see some relief for imported goods dem, as those high prices dey affect our pockets like say dem don leak am.

But make we no carry our hopes too high. The analyst wey dey observe forex happenings don talk say dollar demand go still dey keep pressure on naira stability. So if you be importer and your goods dey rely on parallel market rate, e fit still cost you more oga!

For those wey dey follow forex news, watch out for CBN FX operations and daily updates from dem. E fit help you make sense of how the market dey behave. Also, sudden changes wey happen to oil prices fit shake this forex table anytime, any day (after all, na oil wey still dey rule our economy!).

No be only naira matter dey ground. For the crypto world, Litecoin don jump by 4.1% and Dogecoin follow suite with 1.1% rise. So e be like say some people dey find better return for dem wallet by investing small small for crypto. Meanwhile, Binance Coin dey chill small, it don drop by 1.1%. This market no be theater of dreams, but who go fit say e no dey perform sometimes.

So as e be now, naira don show some small progress, but we dey watch where e go land next. One thing we fit sure be say, e fit still be bumpy ride for all of us wey dey seek to make ends meet in this forex drama.