Nigerians jubilate as Naira Strengthens to Below N1,500 per Dollar for First Time Since February 2025
The Naira has recorded a major boost against the US dollar, dropping below N1,500 at the official foreign exchange market for the first time since February 2025.
Fresh data from the Central Bank of Nigeria (CBN) shows the Naira closed at N1,497.5 per dollar on Monday, improving from N1,501.5 per dollar last Friday, a gain of N4.03.
The rebound comes as Nigeria’s external reserves continue to climb, hitting $41.70 billion as of September 12, 2025. Analysts say the currency’s appreciation signals a positive outlook for the economy.
About The Author
More Stories
Billionaire Businessman, John Overdeck’s Wife Demands $6.2 Billion in Divorce Settlement After He Offers Just One-Tenth Of Her Request
Akara Business Can Make You A Multi-Millionaire – Onishe Of Ubulu-Uku Kingdom Backs Remi Tinubu
Businesses Don’t Require Much Capital — First Lady Oluremi Tinubu Highlights Her Economic Empowerments, Urges Nigerians to Remain Hopeful