In the week that ended on October 10, 2025, Nigeria’s currency, the Naira, kept going up in the official market, gaining 0.72% to reach a value of ₦1,455.17 for every U.S. dollar.

This is the best performance for the Naira since December 2024, according to the Central Bank of Nigeria.

In the parallel market, where exchange rates can be different from the official ones, the Naira increased by 0.88%, finishing at ₦1,475 for each U.S. dollar. This good change is also connected to better liquidity in the market.

Experts believe that the recent and ongoing strength of the Naira is due to money sent back home from people living abroad and investments coming in from portfolios.

Moreover, the country’s external reserves have grown to $42.57 billion, helped by money from oil sales, remittances, and portfolio investments.

This steady growth in foreign exchange reserves allows the Central Bank of Nigeria to handle immediate problems and creates hope for the Naira’s stability in the near to medium future.