Nigeria's foreign exchange market started the month on a shaky note as the naira fell sharply following comments from US President Donald Trump suggesting military action against Nigeria over alleged religious persecution.

The Naira ended October 2025 on a strong note, closing at N1,427.5 per U.S. dollar. 

The Naira continued its steady appreciation streak in October, strengthening to N1427.5 per dollar at the close of trading on Friday, October 31, 2025. 

The naira broke the N1,450/$ resistance line at the official market and the 1490/$ resistance line at the unofficial market, despite recent gains seen in the U.S dollar index.

The Nigerian naira strengthened against the American dollar on Monday in both the official and parallel foreign exchange markets, signalling a favourable start to the week.  

The Bureau De Change (BDC) operators have lamented that they are close to going out of operations as most of its members are struggling to stay afloat and meet up with overhead expenses. 

The Nigerian naira broke a key resistance level against the British pound sterling. The official interbank rate, which reflects a slight strengthening of the naira in recent weeks, currently stands between N1,948/£ and N1,950/£ in the official market. This aligns with a broader trend of naira appreciation following the notable devaluation at the start of President Tinubu's administration. However, rates...

The Naira ended the week stronger at N1,455.5 per US dollar on Friday. This is according to data published on the Central Bank of Nigeria (CBN) website. This marks an improvement from N1,461/$1 recorded on Thursday, reflecting a sustained trend of relative stability in the foreign exchange market. Throughout the week, the currency showed resilience. On Wednesday, it closed at...

The Nigerian currency showed a slight recovery in the unofficial market. The naira’s value marginally rose from N1,500 to N1,495/$ at the black market in the early hours of Wednesday’s trading session. The local currency also appreciated to N1,464/$ in the Nigerian Foreign Exchange Market (NFEM). CBN data showed further appreciation from N1,464.5/$ to N1,464/$ on Monday. The Central Bank...

The Nigerian naira experienced fresh pressure in the foreign exchange (FX) market last week despite the Central Bank of Nigeria's (CBN) efforts to stabilize the market, depreciating against the dollar as demand for FX continues to exceed supply.

Nigeria’s deposit money banks (DMBs) flooded the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) with deposits of N1.6 trillion.  

Nigeria’s foreign exchange (FX) market has recorded a remarkable 56.4% increase in monthly turnover, rising to $8.6 billion in 2025 from $5.5 billion in 2024, according to Mohammed Abdullahi, Deputy Governor for Economic Policy at the Central Bank of Nigeria (CBN).  

The naira appreciated against the British pound as global currency markets remained volatile. The British pound ended Wednesday’s trading session at N1,945/£ in the official market.

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the Naira is now “more competitive” following months of economic reforms and currency stabilization efforts.  

The Naira opened the week on a mild depreciation, trading at N1,467.01/$1 on Tuesday, slightly weaker than the N1,460/$1 it closed at on Monday. 

Standard Bank has projected that the Naira will close at N1,458.8/$1 by December 2025, and slightly weaker at N1,473.0 by December 2026, amid improved foreign exchange (FX) reserves, buoyant banking system liquidity, and growing investor confidence in naira assets. 

The Naira closed the week stronger, appreciating to N1,458 per US dollar on Friday its best performance since 2024 as the Central Bank of Nigeria (CBN) intensified efforts to stabilize the foreign exchange market and sustain recent monetary gains. 

Bureau De Change Operators and industry experts have attributed the impressive showing of the Nigerian currency in September to a mix of Central Bank of Nigeria (CBN) policy tightening, renewed investor confidence, and the growing role of fintech in deepening transparency and reducing speculative demand for foreign exchange. 

The Nigerian Naira has shown signs of strengthening against the Euro (EUR), particularly in the parallel (black) market.

The Naira recorded its first depreciation in more than a week, closing at N1,469/$1 on Friday, October 3, 2025.  

Nigeria’s naira is the most overvalued currency in Africa according to a new report from Renaissance Capital Africa (Rencap).  

If you exchanged your Naira for USD in September 2024 and held it, the $1, when converted back to Naira, would be worth 11.12% less; The Naira has strengthened.

The naira settled at N1,455/$ at the Nigerian foreign exchange market, continuing the positive rally of the Nigerian currency against the American dollar. 

Nigeria’s broad money supply surged to N119.52 trillion in August 2025, marking a sharp increase from N117.4 trillion recorded in June 2025. 

The Naira experienced its most stable trading period in months during September 2025, consistently staying below the N1,500 per dollar threshold for over two weeks.  

The local currency is projected to stabilize within the range of N1,450/$- N1,550/$, although there could be a negative swing if the price of oil falls below $70 a barrel.

Nigeria’s external reserves have surpassed the $42 billion mark, rising to $42.225 billion as of Thursday, September 25, 2025, the highest in over six years. 

Data on the CBN website shows that the Naira opened the week at N1,491.49/$1 on Monday before slipping slightly to N1,493.2/$1 on Tuesday, a movement that coincided with the conclusion of the 302nd Monetary Policy Committee (MPC) meeting. 

BUA Group Chairman Abdul Samad Rabiu has expressed optimism about Nigeria’s economic trajectory, projecting that the naira could strengthen to between N1,300 and N1,400 per US dollar by the end of 2025.  

The National Pension Commission (PenCom) has unveiled a policy that allows Nigerians living abroad and those earning in foreign currency within Nigeria to save pensions in United States dollars. The new framework, contained in its Guidelines on Foreign Currency Pension Contributions released in September 2025, marks a significant expansion of the Contributory Pension Scheme (CPS) and is aimed at deepening...