Nigerian Naira Falls Against US Dollar, Tanzania Introduces New Rules

The Nigerian Naira depreciated against the US Dollar at the start of December, with exchange rates falling in both official and parallel markets. The Central Bank of Nigeria (CBN) reported a weakening Naira, with the official rate dropping to N448.44/$1.

Nigeria's foreign reserves stood at $44.61 billion as of November 27, 2025, indicating a strengthening position. In Tanzania, new rules were introduced for US Dollar transactions within the country.

Olayemi Cardoso of CBN highlighted the benefits of structural reforms in the foreign exchange market.