Find out more as CBN releases new exchange rates as naira gains 9.16% in 6 months

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Nigeria’s naira appreciated by 9.16% against the US dollar over six months, strengthening from N1,605/$ to N1,457.95/$ at the official marketNigeria’s removal from the FATF grey list and CBN reforms under Governor Cardoso drove renewed foreign investor confidence in the nairaCBN’s latest rates show the dollar trading at N1,380.93, the British pound at N1,824.90, and the euro at N1,577.58 at the official window

Nigeria’s naira has recorded its strongest six-month run in recent memory, appreciating 9.16% against the United States dollar at the official foreign exchange market between January and July 2025, according to data released by the Central Bank of Nigeria (CBN).

Nigeria’s foreign exchange reforms continued to deliver results Photo: Bloomberg
Source: Getty Images

The currency gained N147.05 over the period, moving from N1,605 per dollar to N1,457.95.

At the parallel market, the naira also firmed up, rising roughly 6.83%, or N110, to settle around N1,500 per dollar compared to approximately N1,610