NGN/USD: Naira Set for Strongest Annual Gain Since 2018 Despite Elections The Nigerian naira has made significant gains against the US dollar in recent months, defying expectations and bucking the trend of election year volatility.
Analysts point to a combination of factors behind this resilience, including improved economic performance and changes in market trends.
The country's GDP growth has been steadily increasing since 2020, driven by rising oil production and investment in key sectors such as agriculture and manufacturing.