The Centre for the Promotion of Private Enterprise (CPPE) has identified stability in Nigeria’s foreign exchange market as the most visible macroeconomic achievement of the country in 2025.
CPPE’s Chief Executive Officer, Dr. Muda Yusuf, made this known on Sunday while presenting a review of the Nigerian economy for 2025 and projections for 2026.
According to the economic think tank, the naira traded largely within the N1,440 to N1,500 range against the United States dollar throughout the year, reflecting improved stability in the foreign exchange market.
The center noted that the relative strength of the naira, supported by periodic appreciation against the dollar, helped to boost investor and business confidence during the period under review.
CPPE also linked the improved exchange rate environment to the moderation in inflation, which declined from 24.48 percent in January to about 14.45 percent by November 2025.
“Exchange rate stability emerged as the most visible achievement. Periodic marginal appreciation strengthened business confidence, eased imported inflation, and restored predictability to pricing, contracting, and investment planning,” Yusuf said.
Nigerian Newssphere reports that ahead of the Christmas holidays, the naira closed at N1,443.38 at the official market and about N1,490 at the parallel market.
