₦airaland Forum

Forbes Report Says Nigerian Naira Now Ninth Weakest Currency In Africa

This latest ranking underscores the lingering pressure on Nigeria’s economy despite recent signs of easing inflation.

The Forbes currency calculator report for September 2025 has ranked the Nigerian Naira as the ninth weakest currency in Africa.

This latest ranking underscores the lingering pressure on Nigeria’s economy despite recent signs of easing inflation.


The Forbes currency calculator, which sources real-time foreign exchange market data via the Open Exchange Rates API, updates every five minutes to reflect live trading values.

The system captures the impact of demand and supply, market sentiment, and broader economic conditions on each nation’s currency performance.

According to the data, the São Tomé & Príncipe Dobra (22,282 per $1) topped the list of Africa’s weakest currencies, followed by the Sierra Leonean Leone (20,970), Guinean Franc (8,680), Ugandan Shilling (3,503), and Burundian Franc (2,968).

Others on the list include the Congolese Franc (2,811), Tanzanian Shilling (2,465), Malawian Kwacha (1,737), the Nigerian Naira (₦1,490 per $1), and the Rwandan Franc (1,448).

In contrast, the Tunisian Dinar (2.90 per $1), Libyan Dinar (5.40), Moroccan Dirham (9.91), Ghanaian Cedi (12.31), and Botswanan Pula (14.15) were ranked as the five strongest currencies in Africa.

The continent currently has 54 recognised countries, according to the United Nations and geographic data sources.

The National Bureau of Statistics (NBS) reported that the country’s headline inflation fell from 24.5% in January to 20.12% in August, its fifth consecutive month of decline.

The trend is attributed to stable foreign exchange inflows from oil exports and remittances, better agricultural yields, and the Central Bank of Nigeria’s monetary policy, which held the benchmark rate at 27.5%.

Racoon:
This is the abysmal state the gbaujue first class certificate racketeering and electoral criminal state capture have landed a nation.

Mynd44:
This reports can only be taken seriously by people who dont understand how international currencies work.

This report means that the Ghanaian Cedis at 12.31 is stronger than the South Korean Won at 1,409.20 to a dollar.

Okay na

TouchNfollow:
Source:
https://saharareporters.com/2025/09/27/forbes-report-says-nigerian-naira-now-ninth-weakest-currency-africa#google_vignette

Mynd44:
This reports can only be taken seriously by people ho dont understand how international currencies work.

This report means that the Ghanaian Cedis at 12.31 is stronger than the South Korean Won at 1,409.20 to a dollar.

Okay na

Mynd44:
This reports can only be taken seriously by people who dont understand how international currencies work.

This report means that the Ghanaian Cedis at 12.31 is stronger than the South Korean Won at 1,409.20 to a dollar.

Okay na

KnowAll:
Seirra Leone has redominated it is now 1 to 20

naptu2:
Very good.

It's time for people who understand how economies work to take advantage of this.

musa234:
Complete nonsense. Everyone knows the naira became even weaker under your lord and personal saviour,Tinubu. Don't try to change the narrative.

BangaRice:
there is no advantage to this other than export of raw materials that ought to be value-added before export. The economy itself is weak thats why the currency is weak. If the room to improve the economy and thus add value isnt there or good enough, the people export raw materials and get forex in th short term but eventually imports due to weak economy will erode that short term gain and you have an overall loss in the long run.

KnowAll:
Seirra Leone has redominated it is now 1 to 20

naptu2:
More expensive imports.

Your post is very funny.

You are obviously not one of the people that I was referring to.

tunjijones:
Now that they have re dominated, does that make the country better than Nigeria. I was in agreement town last week, the place is not good at all. The poverty rate there is next to none.

I see Ghana in top 4 countries with strong currency, does that make Ghana better than Nigeria? The purchasing power of naira is still very much better than ceddis.