The Naira ended 2025 on a note positive, a first in over a decade. The Nigerian currency has closed on December 31 at 1429 naira for one dollar. According to the data official central Bank of Nigeria (CBN) , she recorded an appreciation annual rate of 7.4%.

For the first time since 2012, the Nigerian naira ended 2025 higher, at 1429 nairas to the dollar. This rebound is attributed to the reforms of the Central Bank, after thirteen years of depreciation continues, marked by currency shortages, a strong dependence on imports and persistent imbalances in the foreign exchange market.

Last year, the currency experienced strong turbulence in the first half of the year, reaching its lowest point in April, around 1,602 naira to the dollar. It has borne the heavy weight of inflation. high, sustained demand for foreign exchange and delays in capital inflows.

But starting in May, a gradual recovery started, before accelerating in the last quarter. The month of September is marked by a turning point, with a sustainable return of the naira below the threshold of 1 500 for one dollar. After a slight consolidation in November, the currency has regained ground in December to end the year at its highest level for twelve months.

Analysts say that this development reflects the impact of foreign exchange market reforms, initiated by the Central Bank in 2024, under the impetus of its governor, Yemi Cardoso.

If this stabilization While cautiously optimistic about 2026, observers point out that the The strength of the naira will depend on Nigeria's ability to contain inflation, attract capital in a sustainable manner and diversify its currency sources.