The naira has gained N270to the US dollars in 17 months, data analysed by our correspondent show.
The data show that in March 2024 the naira exchanged for N1,800 to the green back but as at August 31st, 2025, the naira exchanged for N1,530, showimg a recovery of N270 during the period under review.
Analysts attribute the naira gradual recovery to the positive impact of Central Bank of Nigeria (CBN) policies on FX management and inflation control.
With the CBN recent policies, the market has gained confidence and forex arbitrage which fuelled the naira’s instability has waned.
The unification of Nigeria’s FX windows has created a single, a lot more transparent market rate which is making the naira find its realistic value.”
The CBN has implemented several forex interventions and policy measures aimed at stabilizing the Naira, including tightening regulations on Bureau De Change operators and increasing dollar liquidity in the official market.
