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The Centre for the Promotion of Private Enterprise has stated that the stability of Nigeria’s foreign exchange market stands out as the most significant macroeconomic achievement for the Nigerian economy.
Dr. Muda Yusuf, the Chief Executive Officer of CPPE, made this announcement on Sunday during a review of the Nigerian economy for 2025 and the outlook for 2026.
The economic think tank indicated that throughout the year, the naira predominantly traded within the range of N1,440 to N1,500 per United States dollar.
CPPE emphasized that the strength of the nation's currency, along with its periodic appreciation against the dollar, enhanced both investor and business confidence during the reviewed period.
The center observed that in 2025, Nigeria's inflation rate decreased from 24.48 percent in January to approximately 14.45 percent by November, driven by a stable currency.
“The stability of the exchange rate has emerged as the most notable achievement.
“The occasional marginal appreciation has bolstered business confidence, alleviated imported inflation, and restored predictability in pricing, contracting, and investment planning,” he stated.
According to DAILY POST, prior to the Christmas holiday, the naira concluded trading at N1,443.38 in the official market and N1,490 in the black market, respectively.
Frequently Asked Questions
What is the most significant macroeconomic achievement for Nigeria?
The stability of Nigeria’s foreign exchange market is considered the most significant macroeconomic achievement for the economy.
How did Nigeria's inflation rate change in 2025?
In 2025, Nigeria's inflation rate dropped from 24.48 percent in January to about 14.45 percent by November.
What impact did the currency strength have on investors?
The strength of the naira and its periodic appreciation against the dollar boosted investor and business confidence during the reviewed period.
Eze Chidiebere Paul
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