Naira Strengthens Over N100 Against Dollar in 2025 Despite Predictions of Fall
In 2025, the Nigerian Naira showed resilience, recovering over N100 against the US Dollar, attributed to the Central Bank of Nigeria's introduction of four key FX policies. Despite initial fears of a tough year for the currency, it closed at a stronger value than in 2024.
Notable efforts by the CBN, including the introduction of an FX code, helped stabilize the Naira. Economist David Cowan projected a potential weakening of the Naira in mid-2026.
The market exhibited volatility throughout the year, with various interventions contributing to the currency's recovery.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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