₦airaland Forum

During the week ended 10 Oct 2025, Nigeria’s currency the Naira extended its recovery at the official market, gaining 0.72% to close ₦1,455.17/$.

According to data from the Central Bank of Nigeria (CBN), this is the strongest the naira has been since December 2024.

At the parallel market, the naira upticked 0.88% to close ₦1,475/$, likewise bolstered by improved liquidity.

Analysts say the naira’s recent sustained bullishness is propelled by diaspora remittances and portfolio FX inflows.

The country’s external reserves also rose to $42.57bn, fortified by oil sale inflows, remittances, and portfolio investments.

This steady climb of FX reserves empowers CBN to manage near-term challenges and gives hope of naira stability in the short to medium term.

givedemwotowoto:
A few days ago we celebrated naira at N1,455.17. Today we're celebrating it at N1,475.

Is this how Tinubunomics works?

Nigeria’s currency the Naira extended its recovery at the official market, gaining 0.72% to close ₦1,455.17

Sannisege:
This is sad news for the enemies of state. But great news for true patriots. God bless Nigeria.

givedemwotowoto:
A few days ago we celebrated naira at N1,455.17. Today we're celebrating it at N1,475.

Is this how Tinubunomics works?

Sannisege:
This is sad news for the enemies of state.

But great news for true patriots. God bless Nigeria.

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.*

“My 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.

“The 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

edoyad:
Owerri – The All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, on Monday said he would ensure that the Naira was equal to the dollar in value, if voted into office.

Buhari stated this during the South-East presidential rally of the party at Dan Anyima Stadium, Owerri. “It is sad that the value of the naira has dropped to more than N230 to one dollar; this does not speak well for the nation’s economy,’’ he said.


http://www.vanguardngr.com/2015/03/ill-make-naira-equal-in-value-to-dollar-says-buhari/

Sannisege:
This is sad news for the enemies of state. But great news for true patriots. God bless Nigeria.

AntiChristian:
We pray it keeps gaining!

Those who predicted naira will reach 2k to the $ are false prophets.

Sannisege:
This is sad news for the enemies of state. But great news for true patriots. God bless Nigeria.

PlasmaTV:
The naira isn't gaining. The dollar is losing value.

Sannisege:
This is sad news for the enemies of state. But great news for true patriots. God bless Nigeria.

Brendaniel:

You devalued the naira with more than 300% in value in less than one year and then make 0.72% gain value in one year only to start praising yourself, Tinubu na the real gbajue

amazingspiderma:
Una want us to celebrate 50 naira drop from 1500 naira.

Thrash
Thrash
Thrash
Thrash

PlasmaTV:
It's NOT gaining. The dollar has been tottering wildly in the past days.

InvertedHammer:
/
Who is delusional?

Tinubu met $/N @ N700. You want people to celebrate naira at N1455/$ spot price? What about next week or next month? You seem like someone who will vote APC again to continue life of misery, shuffering and shmiling😂

/