NaijNaira
The Nigerian currency has staged a powerful comeback in 2025, with the naira climbing to N1,497 per dollar, its strongest level since March – www.naijnaira.com reports.
Data from Legit.ng confirms the naira has jumped more than 11% this year, shaking off its struggles in 2024 and ranking among the top-performing emerging-market currencies.
“From one of the weakest currencies last year to one of the strongest this year, Nigeria’s turnaround is remarkable,” analysts note.
The Central Bank of Nigeria pushed interest rates to 27.5%, sparking huge investor demand for local bonds offering double-digit returns compared to far lower yields in the US.
Non-oil revenues rose by 40% in the first half of 2025 to N20.5 trillion, signaling progress in Nigeria’s diversification drive and improving fiscal confidence.
Oil production has also expanded, aided by OPEC+ easing restrictions, while the Dangote Refinery is refining thousands of barrels daily, reducing the need for costly fuel imports.
The weaker US dollar added momentum, with the dollar index falling from 110 to 96 as traders expect the Federal Reserve to cut rates soon.
Experts believe the naira could test N1,476 per dollar before year-end, though capital controls still pose hurdles for investors.
