₦airaland Forum

The Nigerian Naira continued to record gain against the US dollar during the midweek trading session with the currency dropping below N1,400.

On Tuesday, the local currency hit monthly highs in the Nigerian Foreign Exchange Market (NFEM), where the exchange rate settled at about N1,400.66 per dollar.

But the appreciation continued yesterday when the currency settled 1,394, the highest gain in recent times.

The currency had already made significant gains in the previous session, ending at N1,401.2/$.
The parallel market, also known as the black market, responded more calmly amid the official foreign exchange market’s quick gains.

Analysts observe that the local currency premium decreased compared to naira volatility, even though the difference between the official and parallel rates still exists.

The naira has continued to appreciate in early 2026, keeping the momentum it established in 2025 (the naira enjoyed a decade high performance of 7%-9% against the USD in 2025).

“The dollar’s supremacy is cracking, and markets are building an escape route,” warns the CEO of one of the world’s largest independent financial advisory organisations according to a report.

The warning from Nigel Green of deVere Group comes as a sell-off in the US dollar has gained momentum after President Donald Trump says he isn’t concerned by the currency’s dramatic falls in recent days, as fears in currency markets intensify over the president’s erratic policymaking.

The uptrend in Nigeria’s currency at the official market is not unconnected to the continued rise in the country’s foreign reserves, which stood at $46.04 billion as of 26th January 2026. The naira has recorded gains in the past two trading days at the currency market.

Putindbutt:
Wailers and Bitter people will come here to say it was the Venezuela oil tanker that Trump released that caused naira appreciation.

Ofunaofu:
News breaks about the naira appreciating to N1,394/$, and your first thought is to attack imaginary wailers and bitter people.

Putindbutt, I already said on the other thread, you’re venting misplaced frustration and anger at the wrong people.

They are not the cause of your predicament.

saintopus:
The other day, Riwane Bismark said the naira was undervalued to about 11% . He gave the actual value to N1220 to the dollar.

datola:
The appreciation might be effect of his statement

helinues:
Good. Naira to dollar rate have been stable for over a year now

Putindbutt:
It's simply because you guys are very predictable. Is there any good news you don't pour your bitterness on?.

PDPdestroyer:
Obidients will be very sad with this news

Putindbutt:
Wailers and Bitter people will come here to say it was the Venezuela oil tanker that Trump released that caused naira appreciation.

ArcSEMPECJ:
Very bad analysis, labelling people with bad names while you are the carrier ..

Firstly, those people you are calling bitter people, witnessed when Dollar was #180 per Naira...

They also witnessed when your Master TINUBU was campaigning and shouting that it was fraud that Naira is #180 per dollar, that APC will make it #50 per dollar and education will be for free under Buhari's Government....

Today, your Master is in that Seat, and you want us to see that Naira is #1350 as a blessing upon Nigeria?

Like how wicked can you all be actually that you want us to see this as a progress

PDPdestroyer:
Obidients will be very sad with this news. My condolences to my Obidient neighbour who listened to Aisha Yesufu and Rufai Oseni, and bought dollars at 1650/per $ with customers’ funds in the hope of selling at 2000/$ since 2024. He has been hiding since then, hoping for a miracle to push the rate back to 1650/$, him say him no want profit again

Believeintruth:
7

Even in the campaign for 2023 election he promised dollar to be 300 naira.

Laffwittmi:
I guess na only you he promised that

Believeintruth:
7

Even in the campaign for 2023 election he promised dollar to be 300 naira.

Putindbutt:
Wailers and Bitter people will come here to say it was the Venezuela oil tanker that Trump released that caused naira appreciation.

ERockson:
Good development. God bless the president. Things are really getting better

grandstar:
When did he say he would make the exchange rate $1- N300?

That's a fat big like. Please show me proof.

Believeintruth:
Oga be calming down with this.propaganda. US dollar is weakening globally so the appreciation is not due to any fantastic moves. Also BAT promised to bring dollar down to 300 Naira during his campaign, so he hasn't achieved anything.

shaqhead:
Proof of this statement please! I mean the 1 dollar to #300