NGN Market Update
25 Mar 2026 • 00:43 GMT
The Nigerian Naira (NGN) is currently trading around 0.000727 against the US dollar, which is about 1.1% above its three-month average. Over recent weeks, NGN has experienced some volatility, with the exchange rate ranging from approximately 0.000686 to 0.000746. This reflects a fairly active market, influenced by Nigeria's improving external reserves and ongoing reforms by the Central Bank of Nigeria (CBN).
Speculation remains positive regarding the NGN's outlook in 2026. The CBN continues to focus on stabilizing the currency, supported by record-high foreign reserves and stronger government revenues. Many analysts expect the naira to trade in a range between N1,470 and N1,520 per US dollar, with further potential for appreciation driven by increased foreign investment and steady oil prices.
Despite global uncertainties, including fluctuations in the US dollar, Nigeria’s economic policies and reforms appear to be strengthening the naira's position. For now, the currency remains resilient, with market conditions suggesting continued stability and cautious optimism going forward.
