Nigerian Naira Strengthens by N10 Against US Dollar on Improved Reserves and Liquidity
The Nigerian Naira appreciated by N10 against the US Dollar in the official foreign exchange market, reaching N455.17 per dollar. This gain is linked to stronger external reserves and improved foreign exchange liquidity.
The Central Bank of Nigeria (CBN) reported a rise in the country's reserves to $42.57 billion, with gross official reserves increasing by nearly $1.1 billion to $42.4 billion by the end of September 2025. Analysts credit the Naira's appreciation to these positive economic indicators.
Additionally, the parallel market saw a slight depreciation of the Naira. The CBN also aligned the custom exchange rate with prevailing market rates.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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