Nigeria’s naira is expected to maintain its positive run throughout 2025 as the country’s monetary and fiscal authorities continue to strengthen efforts to shore up the value of the currency, according to central bank’s monetary policy committee (MPC) member Murtala Sagagi.
“The value of the naira has been relatively stable even though it is still considered undervalued. It is projected that the naira would appreciate to N1,450 per US dollar by the end of 2025,” Sagagi said after a May 20 committee meeting, the central bank said in a statement published on its website.
The CBN usually publishes full details of the presentation from the prior meeting before the next one is held. The Abuja-based lender is scheduled to hold its 301st meeting next Monday and Tuesday where it’ll determine the fate of the country’s monetary rate.
