- The Nigerian Naira strengthens 9.5% against the dollar since November, nearing Tinubu’s 2025 budget target of 1,500 Naira per dollar.
- Currency gains attributed to reduced fuel import demand and improved dollar liquidity.
Abuja, Nigeria – Nigeria’s naira is making a strong comeback, closing at 1,555 per dollar on January 21 after reaching a record low of 1,717.50 on November 6. The currency’s 9.5% rebound over the past two months has brought it within striking distance of President Bola Tinubu’s target exchange rate of 1,500 Naira per dollar, set in his 2025 budget proposals.
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