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The Nigerian naira strengthened significantly in 2025, gaining nearly N100 against the US dollar, while the country’s foreign reserves rose by $4.6 billion.
The naira closed the year at N1,435.76 per dollar on December 31, 2025, up from N1,535 at the end of 2024.
Meanwhile, foreign reserves increased to $45.5 billion as of December 30, 2025, from $40.9 billion the previous year.
This represents an annual appreciation of 6.68 percent for the naira and an 11.05 percent growth in foreign reserves, signaling a gradual recovery for the currency after a 40.9 percent decline recorded in 2024.
The Central Bank of Nigeria, CBN, attributed the improvement to policy and institutional reforms, as well as stable crude oil prices supporting economic growth.
In its 2026 Economic Outlook, the apex bank noted, “The fiscal space improved in 2025, owing to policy and institutional reforms, as well as stable crude oil prices fostering growth.”
Naira records N100 appreciation against dollar, foreign reserves rise to $45.5bn in 2025
