Nigeria’s relative stability in the foreign exchange market has been highlighted as the most notable macroeconomic achievement of 2025, according to the Centre for the Promotion of Private Enterprise (CPPE).
Dr. Muda Yusuf, Chief Executive Officer of CPPE, shared the assessment on Sunday while reviewing the country’s economic performance over the past year and offering projections for 2026.
The think tank noted that the naira largely traded within a band of N1,440–N1,500 per U.S. dollar throughout 2025, a period marked by occasional marginal appreciation against the dollar. CPPE said this stability significantly boosted investor and business confidence.
“Exchange-rate stability emerged as the most visible achievement,” Dr. Yusuf stated. “Periodic marginal appreciation strengthened business confidence, eased imported inflation, and restored predictability to pricing, contracting, and investment planning.”
The center also highlighted a marked improvement in inflation, which fell from 24.48 percent in January 2025 to approximately 14.45 percent by November, attributing the decline in part to the stable currency.
BrandIconImage reports that, ahead of the Christmas holiday, the naira closed at N1,443.38 on the official market and N1,490 on the black market, reflecting the continued resilience of the domestic currency.
CPPE’s analysis underscores the importance of exchange-rate management in maintaining macroeconomic stability and supporting economic growth in Nigeria.