Naira-and-Dollars (2) (1).webp
The Naira inched up against the dollar at the official market, offering slight relief, but with the black market rate still at N1,615/$1, real-world impact remains limited.
  • Naira gained 0.13% at NAFEM, now N1,579/$1
  • Black market rate unchanged at N1,615/$1
  • Pound and Euro traded flat at N2,143.37/£1 and N1,809.49/€1
  • Ripple, Ethereum, and Bitcoin posted mild crypto gains
  • Analysts expect a potential altcoin surge amid ETF speculation
A slight gain in the Naira offers a glimmer of hope, but not yet comfort. For many Nigerians, market optimism means little when black market rates and import prices stay sky-high. Meanwhile, crypto markets are flickering back to life, hinting at an altcoin season fuelled by ETF buzz and institutional interest. Still, both the Naira and crypto markets remain delicate, heavily influenced by global winds and local policy moves

The Naira may be climbing, but can it hold its ground? As inflation and uncertainty linger, Nigerians are left watching two very different markets, with hope and hesitation.