Nigerian Naira Strengthens Against US Dollar Despite Trump's Threats
The Nigerian Naira rebounded against the US Dollar following Trump's threat, appreciating to N1,433.65 per dollar, a 0.2% gain from the previous day. The official market also saw improvements against the Pound Sterling and Euro.
The Central Bank of Nigeria confirmed the currency's appreciation. Market confidence rose with a $43.25 billion increase on November 3, 2025.
Trump's comments on Nigeria's support and potential military action caused initial concern but were offset by improved dollar supply. Traders in Lagos noted increased Naira value in the parallel market.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Naira Reacts to Trump's Threats, Weakens Against US Dollar
Nigerian Naira Falls Against US Dollar, Tanzania Introduces New Rules
Nigerian Naira Gains Ground Against Dollar After CBN's $70M Injection
Nigerian Naira Gains Strength, Trades at N1,435/$ in Black Market
Nigerian Economy Thrives: Naira Strengthens, Stock Market Gains Trillions
Nigeria's Dollar Bonds Recover After Trump's Military Threat, Economic Fundamentals in Focus
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
