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The Stability Of The Naira: First 6 Months Of 2024 & 2025 - Business - Nairaland

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The Stability Of The Naira: First 6 Months Of 2024 & 2025 by DrMB(op): 4:46pm On Jul 01, 2025
THE STABILITY OF THE NAIRA โ€” first 6 months of 2024 & 2025
๐Ÿ’ต๐—”๐—ด๐—ฎ๐—ถ๐—ป๐˜€๐˜ ๐—จ๐—ฆ ๐——๐—ผ๐—น๐—น๐—ฎ๐—ฟ โ€” Min | Avg | Max
2024 โ€” โ‚ฆ854 | โ‚ฆ1,480 | โ‚ฆ1,689
2025 โ€” โ‚ฆ1,478 | โ‚ฆ1,551 | โ‚ฆ1,630
๐—ฆ๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜†
2024: Max of 98% change in 6 mons
2025: Max of 10% change in 6 mons
๐Ÿ’ท๐—ฃ๐—ผ๐˜‚๐—ป๐—ฑ๐˜€ ๐—ฆ๐˜๐—ฒ๐—ฟ๐—น๐—ถ๐—ป๐—ด โ€” Min | Avg | Max
2024 โ€” โ‚ฆ1,080 | โ‚ฆ1,892 | โ‚ฆ2,236
2025 โ€” โ‚ฆ1,832 | โ‚ฆ2,009 | โ‚ฆ2,187
๐—ฆ๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜†
2024: Max of 107% change in 6 mons
2025: Max of 19% change in 6 mons
๐Ÿ’ถ๐—ง๐—ต๐—ฒ ๐—˜๐˜‚๐—ฟ๐—ผ โ€” Min | Avg | Max
2024 โ€” โ‚ฆ929 | โ‚ฆ1,602 | โ‚ฆ1,869
2025 โ€” โ‚ฆ1,526 | โ‚ฆ1,693 | โ‚ฆ1,838
๐—ฆ๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜†
2024: Max of 101% change in 6 mons
2025: Max of 20% change in 6 mons

#Statisense
(CBN)
https://x.com/StatiSense/status/1939685304438329504

Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by oluwaseyi0: 5:38pm On Jul 01, 2025
It's seems stable but on high rate
Hopefully we will get there
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by nairalee(m): 5:40pm On Jul 01, 2025
Someone bought a phone in 2024 and now selling it as second hand but more expensive than the original price.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Olaide1295: 5:40pm On Jul 01, 2025
Definitely more stable and businesses are able to plan.
My hope is that they allow a progressive 5% devaluation yearly rather than holding a rate and then seeing a drastic fall at once like we used to have.
A progressive 5% yearly devaluation helps predictability and businesses can plan.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Emma09(m): 5:41pm On Jul 01, 2025
Make I still keep my 20 Dollars if the rate go go higher again.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Lanretoye(m): 5:43pm On Jul 01, 2025
Some people willl be like they will make 1dollar equal to 1naira in 6months after taking Nigeria from consumption to production in 3monthsโ€ฆโ€I will fix Nigeriaโ€
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by femi4: 5:48pm On Jul 01, 2025
oluwaseyi0:
It's seems stable but on high rate
Hopefully we will get there
It's HIGHLY stable eeeeeeeeeeeeeeeeeeeeeeeee grin
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by nothingmega122(m): 5:55pm On Jul 01, 2025
Can we bring it down to what it used to be, 480? Because these are minor when it pertains stability. Sure, the naira is stable now but for how long?
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by MeetDx(m): 5:55pm On Jul 01, 2025
nairalee:
Someone bought a phone in 2024 and now selling it as second hand but more expensive than the original price.
And I don't understand the big difference between the exchange rate in 2024 vs 2025. All na failure, but these bad men want play statistics with us. Werey Dem! Na which year better pass na him we dey talk? J
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by atobs4real(m): 6:02pm On Jul 01, 2025
What a shame?
Some one said it is stable and you said that to concur?
Jezzzzzzzz
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Ikaeniyan0: 6:02pm On Jul 01, 2025
I remember when obidients were jubilating and claiming Naira will crash to 2k per dollar before December 2024
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by ZombieTAMER: 6:02pm On Jul 01, 2025
oluwaseyi0:
It's seems stable but on high rate
Hopefully we will get there
How can a sane person be hopeful in a Tinubu administration
where corruption and insecurity reign supreme
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by atobs4real(m): 6:02pm On Jul 01, 2025
What a shame?
Some one said it is stable and you said that to concur?
Jezzzzzzzz
Do you know it translates to?
You can ask please.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by DesChyko: 6:03pm On Jul 01, 2025
It rose to where it wants to be, and remained there. It is stable for the graph while destabilising the pockets of the civilians using it for buying and selling.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by ZombieTAMER: 6:04pm On Jul 01, 2025
Ikaeniyan0:
I remember when obidients were claiming Naira will crash to 2k per dollar
All of a sudden

from 480 to 1600 for a single dollar is now an achievement of Bola Tinubu

wonders shall never cease
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Nairalander248: 6:04pm On Jul 01, 2025
femi4:
It's HIGHLY stable eeeeeeeeeeeeeeeeeeeeeeeee grin
You want to give credit to those that were still in government since 2024?
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Ijaya123: 6:07pm On Jul 01, 2025
nothingmega122:
Can we bring it down to what it used to be, 480? Because these are minor when it pertains stability. Sure, the naira is stable now but for how long?
It can only go down when we export much more and import way lesser than we are doing now.

There is no magic wand to do it.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by yinka2011: 6:08pm On Jul 01, 2025
meanwhile NIMS is down for last 1 month.

people dey suffer when you go and look. even to renew passport now na player my brother...better pray very well and prepare to wait long
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Ikaeniyan0: 6:09pm On Jul 01, 2025
ZombieTAMER:
All of a sudden

from 480 to 1600 for a single dollar is now an achievement of Bola Tinubu

wonders shall never cease
The Tinubu administration devalued the naira twice. So every sane Nigerians knows why we're where we are today.


Do you remember companies can't even take repatriate their money out of Nigeria when it was 480/$?
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by ChiefS(m): 6:18pm On Jul 01, 2025
A student who consistently gets not more than 10% is also stable if the devalued Naira is considered stable at this rate
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Ofunaofu: 6:23pm On Jul 01, 2025
Highly stable


Quality Post
Not enough original content
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Cromagnon: 6:24pm On Jul 01, 2025
nairalee:
Someone bought a phone in 2024 and now selling it as second hand but more expensive than the original price.
higher nominal value does not make it more expensive. You have to take inflation into account.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Cromagnon: 6:25pm On Jul 01, 2025
Emma09:
Make I still keep my 20 Dollars if the rate go go higher again.
it won't

Forty forty forty forty forty forty forty forty forty forty forty
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Goalnaldo(m): 6:25pm On Jul 01, 2025
I changed my small naira to dollar two days ago only to see I'm already losing 600+ this morning angry
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by Cromagnon: 6:26pm On Jul 01, 2025
Lanretoye:
Some people willl be like they will make 1dollar equal to 1naira in 6months after taking Nigeria from consumption to production in 3monthsโ€ฆโ€I will fix Nigeriaโ€
doesn't matter if naira equal to dollar
The issue is can you productive earn you the same with oyinbo
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by TalkingBird: 6:29pm On Jul 01, 2025
Wickedness of the highest order, how can we be celebrating this rate.
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by anonimi: 6:45pm On Jul 01, 2025
oluwaseyi0:
It's seems stable but on high rate
Hopefully we will get there
Did ebilokan say hopefully when he was asking us to give him the job of president, over two years ago?

How is this your hopefully attitude going to ensure that you get what you deserve from public servants huh

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

โ€œMy administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

โ€œThe short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by VeeVeeMyLuv(f): 6:47pm On Jul 01, 2025
Lanretoye:
Some people willl be like they will make 1dollar equal to 1naira in 6months after taking Nigeria from consumption to production in 3monthsโ€ฆโ€I will fix Nigeriaโ€
You doing as if this is impossible to achieve

Haba,
Re: The Stability Of The Naira: First 6 Months Of 2024 & 2025 by sammyj: 6:52pm On Jul 01, 2025
Can he buy the same phone at the price he sold it or bought it in the past huh He is selling based on the inflated prices of products in the country. Also note that inflation is another form of TAX. shocked
nairalee:
Someone bought a phone in 2024 and now selling it as second hand but more expensive than the original price.
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