Naira Posted Its First Annual Gain In 13 Years - Business

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Naira Posted Its First Annual Gain In 13 Years by NaijaphiliaBlog(op): 11:41pm On Feb 02

Naira Posted Its First Annual Gain In 13 Years

Nigeria’s currency the naira ended year 2025 on a positive note, notching its first annual appreciation in the last 13 years.

On 31 December 2025, the currency closed ₦1,429 per dollar, which represents 7.4% gain over the year, according to data from the Central Bank of Nigeria (CBN).

It was the naira’s first yearly appreciation since 2012; the currency had suffered 13 consecutive years of depreciation driven by import dependence, forex shortages and persistent market imbalance.

Analysts have credited the turnaround to the foreign exchange market reforms started by the Central Bank in 2024 under Governor Yemi Cardoso.

The intiatives narrowed the gap between official and parallel market rates to below 5%, bridled speculation and improved price transparency.

source

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Re: Naira Posted Its First Annual Gain In 13 Years by Streetinvestor2: 11:48pm On Feb 02

It gained una papa.How much was it when this corrupt government did civilian coup

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Re: Naira Posted Its First Annual Gain In 13 Years by Lifestone(m): 2:05am On Feb 03

Streetinvestor2:
It gained una papa.How much was it when this corrupt government did civilian coup

Good news about Nigeria is so painful to you guys. Las las we all dey this country

96 Likes 6 Shares

Re: Naira Posted Its First Annual Gain In 13 Years by Dennisochampa: 5:41am On Feb 03

Streetinvestor2:
It gained una papa.How much was it when this corrupt government did civilian coup

If them tell una to read before Una complain una no go gree.... Them make policies and unify the rate.... U still expect the rates to be the same... Omóh ehn... Na wa o

69 Likes 5 Shares

Re: Naira Posted Its First Annual Gain In 13 Years by MICHEALADEX(m): 5:42am On Feb 03

Streetinvestor2:
It gained una papa.How much was it when this corrupt government did civilian coup

Low grade mind have spoken... Sorry oooo you'll be alright

60 Likes 3 Shares

Re: Naira Posted Its First Annual Gain In 13 Years by Dennisochampa: 5:43am On Feb 03

One enemy of Nigeria Don begin dey ask how much was the rate before the current administration took over...
One reason the corrupt leaders in Nigeria will always take advantage of an average Nigerian is because they know that most Nigerians don't take their time to reason before making conclusions about certain things... They are just like fallen leafs... Anywhere breeze blow go.... Them go follow....
How I wish they can be catapulted to the dark ages where they truly belong

40 Likes 1 Share

Re: Naira Posted Its First Annual Gain In 13 Years by bigdammyj: 5:43am On Feb 03

Noted.

more characters needed.

Re: Naira Posted Its First Annual Gain In 13 Years by AsgardKing: 5:44am On Feb 03

Low level of understanding of the issues. He/she only sees one layer of information but can't go a bit deeper to understand the concept of currency gains. All that he/she knows is black market pricing...

Piity hin/her.

Dennisochampa:
If them tell una to read before Una complain una no go gree.... Them make policies and unify the rate.... U still expect the rates to be the same... Omóh ehn... Na wa o

6 Likes

Re: Naira Posted Its First Annual Gain In 13 Years by adecz: 5:44am On Feb 03

Nonsense "gain'...

We can't be fooled by jagabans lies
and chest beating..👎👎👎

16 Likes 2 Shares

Re: Naira Posted Its First Annual Gain In 13 Years by simeonabio(m): 5:45am On Feb 03

Which gain here , from 718 Naira to 1400, since Tinubu came to office. This is the height of gaslighting.

28 Likes 2 Shares

Re: Naira Posted Its First Annual Gain In 13 Years by spinna: 5:45am On Feb 03

Commendable... Economic reforms albeit painful to the masses are yielding results

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Re: Naira Posted Its First Annual Gain In 13 Years by Walexy96: 5:45am On Feb 03

I think dollar is falling normally. I will only credit CBN for the stability of the naira.

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Re: Naira Posted Its First Annual Gain In 13 Years by Yankee101: 5:47am On Feb 03

It’s not a net gain
Stop playing with numbers
It’s worse than 2023 by a double factor

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Re: Naira Posted Its First Annual Gain In 13 Years by AsgardKing: 5:48am On Feb 03

Speculation has been minimized because the difference between the official rate and black market is now under 5%.

Si when the official rate of the dollar was N450 the market rate was N800 - over 85% in commissions and arbitrage. That has been cut down to 5% and this is what foreign investors seek - a stable forex market so that they can know the true value of their money. Not to buy black market today, and then repatriation happens via official rates meaning they lose a lot or have to work thrice as hard.

NaijaphiliaBlog:
Naira Posted Its First Annual Gain In 13 Years

source

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Re: Naira Posted Its First Annual Gain In 13 Years by DrAda(f): 5:52am On Feb 03

Misleading report. Be more transparent

5 Likes 1 Share

Re: Naira Posted Its First Annual Gain In 13 Years by Omowale2023(m): 5:55am On Feb 03

NaijaphiliaBlog:
Naira Posted Its First Annual Gain In 13 Years
source

Thank God. Its been a long time coming.

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Re: Naira Posted Its First Annual Gain In 13 Years by Flets: 5:56am On Feb 03

Very useless analogy. From almost 455naira official rate to 1400+ in less than 3 years (over 200% devaluation) is gain to these mofos.

They can as well increase it to 2600 today and reduce it to 2500 in January 2027 to claim some gains
Very wicked and evil minds in the corridors of power. Na Nigerians with their useless tribal and docile minds I blame

18 Likes 2 Shares

Re: Naira Posted Its First Annual Gain In 13 Years by franudi: 5:56am On Feb 03

If not Dangote's refinery, Naira would have been at ₦2500/Dollar by now. So government did not do anything to improve naira. They were even fighting Dangote.

9 Likes 1 Share

Re: Naira Posted Its First Annual Gain In 13 Years by FuckYeyeMods: 6:05am On Feb 03

1 a

Yankee101:
It’s not a net gain
Stop playing with numbers
It’s worse than 2023 by a double factor

Olodo.. still using grammar to confuse himself.

5 Likes

Re: Naira Posted Its First Annual Gain In 13 Years by Helpfromabove1(m): 6:05am On Feb 03

See manipulation at its peak

Propaganda specialist

We will all be alright

5 Likes 1 Share

Re: Naira Posted Its First Annual Gain In 13 Years by vastolord4(m): 6:11am On Feb 03

Lifestone:
Good news about Nigeria is so painful to you guys. Las las we all dey this country

How's this good news? Tackle the matter on ground. Can you afford to give to charity as much as you used to? Let's start there

2 Likes 1 Share

Re: Naira Posted Its First Annual Gain In 13 Years by thesicilian: 6:11am On Feb 03

If you lose 1 million naira and then win 100 naira, is that still considered a gain?

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Re: Naira Posted Its First Annual Gain In 13 Years by Boyooosa(m): 6:20am On Feb 03*

Dennisochampa:
One enemy of Nigeria Don begin dey ask how much was the rate before the current administration took over...
One reason the corrupt leaders in Nigeria will always take advantage of an average Nigerian is because they know that most Nigerians don't take their time to reason before making conclusions about certain things... They are just like fallen leafs... Anywhere breeze blow go.... Them go follow....
How I wish they can be catapulted to the dark ages where they truly belong

Hmmm....you are very cold with this but honestly, you just mentioned the truth and I do not blame Nigerians in this case, I blame our leadership system that is not building a society that can train sane minds, instead, it trains feeble minds that believe in stealing than building.

A typical Nigerian does not believe in any economic growth that does not reflect that a tin of garri is 5k or a litre of pms to be 50k, a price some of them heard it existed in the 70s.

It's very difficult to comfort someone like that (with such mindset) when his fishing site is converted to coastal highway, he won't consider the general growth of his locality or first society but his personal fun denied and the stipend that comes out of his scrapped adventure

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Re: Naira Posted Its First Annual Gain In 13 Years by SpaceX: 6:22am On Feb 03

So we should celebrate naira at 1,429 per dollar when APC met it at 70 per dollar? What is there to celebrate?

1 Like 1 Share

Re: Naira Posted Its First Annual Gain In 13 Years by vincenteger: 6:23am On Feb 03

Lifestone:
Good news about Nigeria is so painful to you guys. Las las we all dey this country

What is good about this news?
Abeg pack well

2 Likes 1 Share

Re: Naira Posted Its First Annual Gain In 13 Years by smartkester(m): 6:23am On Feb 03

Dennisochampa:
One enemy of Nigeria Don begin dey ask how much was the rate before the current administration took over...
One reason the corrupt leaders in Nigeria will always take advantage of an average Nigerian is because they know that most Nigerians don't take their time to reason before making conclusions about certain things... They are just like fallen leafs... Anywhere breeze blow go.... Them go follow....
How I wish they can be catapulted to the dark ages where they truly belong

The person actually asked a good question. Even with the unification of the exchange rate, Naira isn't supposed to dwindle to N1,000 to a dollar. The reason isn't far fetched, Nigeria isn't producing enough for the international market to make our currency stronger. Some of you really need to learn and stop defending Foolishness

6 Likes 2 Shares

Re: Naira Posted Its First Annual Gain In 13 Years by smartkester(m): 6:24am On Feb 03

Dennisochampa:
One enemy of Nigeria Don begin dey ask how much was the rate before the current administration took over...
One reason the corrupt leaders in Nigeria will always take advantage of an average Nigerian is because they know that most Nigerians don't take their time to reason before making conclusions about certain things... They are just like fallen leafs... Anywhere breeze blow go.... Them go follow....
How I wish they can be catapulted to the dark ages where they truly belong

3 Likes 1 Share