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flag Nigeria’s naira surged in late September 2025 due to central bank reforms, higher oil output, and stronger forex reserves.

flag The Nigerian naira strengthened significantly against the U.S. dollar in late September 2025, reaching ₦1,487.90 in the official market and ₦1,522 on the black market, driven by central bank reforms, higher interest rates, increased oil production, and rising foreign exchange reserves. flag Fiscal improvements, including a 40% surge in non-oil revenues and a 200% jump in diaspora remittances, boosted investor confidence. flag Global factors, such as a weakening dollar due to anticipated Fed rate cuts, also supported the currency’s rise, with analysts forecasting further gains amid ongoing economic stabilization efforts.

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