Nigeria, July 6 -- Having undergone extreme swings between 2024 and early 2025, the naira is currently trading under the N1,400 per dollar mark, with the official exchange rate hovering around N1,370 per dollar.

Given that current economic reforms and foreign exchange regulations remain unchanged, analysts predict the currency will trade within the N1,350 to N1,520 range for the remainder of the year.



Rising from roughly $45.5 billion in 2025 to almost $51 billion, Nigeria's foreign reserves help the CBN to better protect the currency from speculative attacks, The News Chronicle reports.



With the Monetary Policy Rate at 26.67 percent, the apex bank's rigorous monetary policy has continued to attract foreign portfolio investments...