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Naira hits 10-month high as investors cut dollar holdings - BUSINESSDAY

OCTOBER 30, 2025

...External reserves surpass $43bn mark ...FDI inflows surge by $272.6m 

The naira hit a 10-month high of N1,444.42 per dollar in the official foreign exchange market on Wednesday, as dollar holders continued selling down their positions and increasing exposure to naira-denominated assets. The sustained appreciation of the local currency has been supported by improved market liquidity and renewed optimism in the economy, leading to rising capital inflows and stronger external reserves.

MARKET NEWS

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