The naira weakened to N1,485 per dollar in Nigeria’s parallel market, widening the gap with the official rate of N1,454. Analysts warn of rising demand pressures and FX supply constraints, with implications for inflation, imports, and economic stability.

Nigeria’s inflation slowed to 16.05% in October 2025, driven by easing food prices and improved FX stability, according to new data from the NBS.

Nigeria has secured over $8 billion in new energy investments, reflecting renewed investor confidence fuelled by ongoing economic reforms and improved security conditions, according to the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso.