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The Nigerian naira has emerged as one of Africa’s best-performing currencies in the first half of 2026New data shows the naira appreciated against the US dollar, outperforming most major African currenciesZambia’s kwacha ranked first, while only four African currencies recorded gains during the period
Legit.ng journalist Dave Ibemere has experience in business journalism, with in-depth knowledge of the Nigerian economy, the stock market, and broader market trends.
Nigeria’s currency, the naira, has been ranked as the second-best-performing currency in Africa during the first half of 2026, defying a difficult economic environment that saw most currencies across the continent lose value against the US dollar.
According to data compiled by real-time trading platform African Markets, only four of the 17 major African currencies tracked appreciated between January and the end of June, while 13 depreciated.
The Nigerian naira ranked as Africa’s second-best-performing currency in the first half of 2026 Photo: BloombergSource: Getty Images
The performance came
