The Nigerian naira made a significant comeback in February 2025, appreciating against the US dollar, British pound, and euro in the parallel market.
This marks a positive shift from its previous downward trend, offering some relief to businesses and traders.
By the end of February, the naira recorded notable gains across key foreign currencies. The naira strengthened against the US dollar to N1,540/$, up from N1,620/$, reflecting a 7.41% appreciation.