The naira strengthened by 15.28 per cent in five months, according to Tanimu Yakubu, director-general of the Budget Office of the Federation.
He said by August 2025, it had recovered to N1,525/$1, representing an annualised pace of nearly 48.9 per cent.
Yakubu attributed the rebound to deliberate policy reforms. Increased oil revenues, rising diaspora remittances, and the clearance of over $4 billion in FX backlogs helped restore investor confidence. The unification of Nigeria’s foreign exchange windows also created a single, transparent market rate, allowing the naira to find its realistic value.