Naira records highest appreciation against US dollar

The Naira recorded the highest appreciation against the United States dollar at the official foreign exchange rate market as the country’s external reserves swelled to $41.84 billion as of 15th September 2025.

The Central Bank of Nigeria’s data showed that the naira strengthened to N1,484.14 on Tuesday, up from N1,497.47 traded on Monday.

This means that the naira firmed up significantly by N13.33 against the dollar on Tuesday, the highest single-day gain this week.

The uptrend at the official FX market is the highest feat since February 2025.

Meanwhile at the black market, the Naira remained stable at N1,537 per dollar on Tuesday, the same rate recorded on Monday.

This follows the continued rise in Nigeria’s external reserves, which stood at $41.84 billion as of 15th September 2025, up from

$41.70 billion was recorded on 12th September, according to the apex bank data.