By Ola Kay
The nation’s domestic currency Naira has recorded its highest appreciation against the United States dollar at the official foreign exchange rate market, just as the country’s external reserves increased to $41.84 billion as of 15th September 2025.
The Central Bank of Nigeria’s, CNN, data revealed that the naira strengthened to N1,484.14 on Tuesday, up from N1,497.47 traded on Monday.
The latest performance is an indication that the local currency firmed up significantly by N13.33 against the USD on Tuesday, the highest single-day gain this week.
According to the apex bank’s data, the uptrend at the official FX market is the highest feat since February 2025.
At the black market, the Naira remained stable at N1,537 per dollar on Tuesday, same rate as recorded on Monday.
The trend 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, as indicated by the CBN.
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