The Naira opened the week on a light depreciation, buying and selling at N1,467.01/$1 on Tuesday, barely weaker than the N1,460/$1 it closed at on Monday.
That is in keeping with knowledge tracked by Nairametrics on the Central Bank of Nigeria’s (CBN) web site.
Nairametrics stories that the forex closed at N1,458/$1 on Friday, recording its finest efficiency since 2024 because the Central Bank of Nigeria (CBN) intensified efforts to stabilize the international alternate market and maintain latest financial positive factors.
CBN knowledge exhibits that the Naira started final week at N1,464/$1 on Monday earlier than depreciating barely to N1,472/$1 on Tuesday.
On the parallel market, the naira traded between N1,498 and N1,504/$1.
Nigeria’s international reserves rose to $42.6 billion, up from $42.5 billion recorded on Monday, in keeping with the CBN. This marks a gentle upward pattern since July 14, 2025, reflecting improved inflows from oil exports.
Analysts consider this constant development in reserves will improve the CBN’s skill to stabilize the naira and handle speculative pressures within the forex market.
In its newest {economic} outlook, Customary {Bank} revised its international alternate forecast, stating, “Whereas the dangers stay evident, we now once more decrease our year-end FX forecasts. We see the NGN at 1,458.8 in opposition to the USD by this year-end and 1,473.0 by December 2026.”
“This could proceed to assist gross FX reserves, thereby growing the CBN’s skill to assist the forex and guarantee orderly exits every time international buyers exit the market,” the {bank} said.
Regardless of the naira’s slight depreciation, Nigeria’s inflation fee is projected to proceed its downward pattern in September 2025, with analysts linking the anticipated moderation to a firmer alternate fee, improved meals provide, and steady power costs.
In accordance with Nairametrics Analysis Staff’s projection, “since stability within the alternate fee and power markets was maintained, September may mark the sixth consecutive month of easing inflation.”
If realized, this may mark a major win for financial authorities, who’ve pursued a coordinated mixture of fiscal self-discipline, tighter financial coverage, and FX administration reforms geared toward restoring macroeconomic stability.
The Nationwide Bureau of Statistics (NBS) stories that Nigeria’s headline inflation fee eased for the fifth consecutive month, dropping to twenty.12% in August 2025 from 21.88% recorded in July 2025.
This implies, in keeping with the NBS, that in August 2025, the speed of improve within the common worth degree was decrease than the speed of improve within the common worth degree in July 2025.
The NBS is predicted to launch its CPI report for September on Wednesday.
