Nigeria’s currency is making a comeback, and the world is watching. After months of turmoil, the Naira, once in free fall, is now showing signs of stability.
Foreign investors are pouring billions into Nigeria’s debt market, strengthening the exchange rate from N1,694 per US dollar to around N1,500.
But is this a real recovery—or just another fragile moment? Türkiye faced a similar boom—and then a devastating crash. Can Nigeria avoid the same fate?