Mercado Noticias

BY  Esther Emoekpere 

The value of a country’s currency is a key indicator of its economic stability, inflation control, and fiscal management. While the Nigerian Naira has faced significant depreciation in recent years due to inflation, foreign exchange shortages, and economic instability, several African countries have managed to maintain stronger currencies. These nations benefit from factors such as robust exports, sound monetary policies, and diversified economies that help sustain the value of their money.

If you have ever wondered which African currencies hold more value than the Naira, here are twenty countries where the local currency outperforms Nigeria’s.

Tunisian Dinar (TND)

The Tunisian Dinar is one of the strongest currencies in Africa, with 1 TND equivalent to approximately 494.83 Nigerian Naira.

Libyan Dinar (LYD)

The Libyan Dinar stands strong, with 1 LYD valued at about 319.10 Naira.

Moroccan Dirham (MAD)

The Moroccan Dirham maintains a strong position, with 1 MAD trading at approximately 159.57 Naira.

Botswana Pula (BWP)

The Botswana Pula is valued at about 112.56 Naira per 1 BWP.

Seychellois Rupee (SCR)

The Seychellois Rupee stands at approximately 105.50 Naira for 1 SCR.

Eritrean Nakfa (ERN)

The Eritrean Nakfa stands at about 102.57 Naira for 1 ERN.

Ghanaian Cedi (GHS)

In West Africa, the Ghanaian Cedi is more valuable than the Naira. 1 GHS exchanges for around 99.23 Naira.

Eswatini Lilangeni (SZL)

The Eswatini Lilangeni trades at around 84.41 Naira per 1 SZL.

Namibian Dollar (NAD)

The Namibian Dollar is valued at approximately 84.37 Naira for 1 NAD.

Lesotho Loti (LSL)

The Lesotho Loti trades at around 84.33 Naira per 1 LSL.

South African Rand (ZAR)

As of March 2025, the South African Rand is valued at approximately 84.25 Naira per 1 ZAR.

Sierra Leonean Leone (SLE)

The Sierra Leonean Leone trades at about 67.33 Naira per SLE.

São Tomé and Príncipe Dobra (STN)

The São Tomé and Príncipe Dobra is valued at approximately 67.27 Naira for 1 STN.

Zimbabwean Dollar (ZWL)

The Zimbabwean Dollar, though historically volatile, is currently stronger than the Naira, with 1 ZWL trading at about 57.52 Naira.

Zambian Kwacha (ZMW)

The Zambian Kwacha trades at 53.47 Naira per 1 ZMW.

Egyptian Pound (EGP)

The Egyptian Pound holds a value of about 30.38 Naira per 1 EGP.

Mozambican Metical (MZN)

The Metical stands at 24.06 Naira per 1 MZN

Gambian Dalasi (GMD)

1 GMD exchanges for 21.28 Naira.

Kenyan Shilling (KES)

The Kenyan Shilling trades at about 11.88 Naira per 1 KES.

Algerian Dinar (DZD)

The Algerian Dinar is valued at 11.47 Naira per 1 DZD.