Naira Ranked 9th Weakest Currency In Africa — Forbes

The Nigerian Naira has been ranked the ninth weakest currency successful Africa, according to a Forbes currency calculator study for September 2025, underscoring the lingering strain connected the system contempt caller signs of easing inflation.

The Forbes currency calculator, which sources real-time overseas speech marketplace information via the Open Exchange Rates API, updates each 5 minutes to bespeak unrecorded trading values. The level tracks the interaction of request and supply, marketplace sentiment, and broader economical conditions connected each nation’s currency performance.

According to the latest data, the São Tomé & Príncipe Dobra (22,282 per $1) topped the database of Africa’s weakest currencies, followed by the Sierra Leonean Leone (20,970), Guinean Franc (8,680), Ugandan Shilling (3,503), and Burundian Franc (2,968). Others see the Congolese Franc (2,811), Tanzanian Shilling (2,465), Malawian Kwacha (1,737), the Nigerian Naira (₦1,490 per $1), and the Rwandan Franc (1,448).

In crisp contrast, the Tunisian Dinar (2.90 per $1), Libyan Dinar (5.40), Moroccan Dirham (9.91), Ghanaian Cedi(12.31), and Botswanan Pula (14.15) emerged arsenic the continent’s 5 strongest currencies. Africa presently has 54 recognised countries, according to the United Nations.

While the Naira’s weakness highlights structural challenges, Nigeria has seen immoderate alleviation connected the ostentation front. The National Bureau of Statistics (NBS) reported that header ostentation dropped from 24.5% successful January to 20.12% successful August 2025, marking the 5th consecutive period of decline.

The trend, according to analysts, is driven by unchangeable overseas speech inflows from lipid exports and remittances, improved cultivation yields, and tighter monetary argumentation by the Central Bank of Nigeria (CBN), which has held the benchmark complaint astatine 27.5%.

The Independent Media and Policy Initiative (IMPI) besides confirmed this uncommon disinflationary trend. Its chairman, Dr. Omoniyi Akinsiju, noted, “Nigeria recorded a uncommon disinflation successful 2025, with ostentation falling from 24.5% successful January to 20.12% successful August, the sharpest mid-year slowdown successful implicit a decade.”

Looking ahead, IMPI projects that ostentation could easiness further, “We forecast that ostentation could driblet to 17% by December 2025, signalling continued disinflation and easing unit connected consumers,” Dr. Akinsiju added.

Despite the encouraging ostentation figures, economical watchers accidental Nigeria’s placement connected the continent’s weakest currency database underscores the urgent request for sustained reforms successful overseas speech management, production, and concern inflows to reconstruct semipermanent confidence in the Naira.