The naira was worth an eighth of its 2015 value against the dollar by 2025
The official exchange rate of the naira to the US dollar, average for each year, 2015 to 2025, from the Central Bank of Nigeria (CBN).
A US dollar cost ₦193.28 on average at the official rate in 2015 and ₦1,518.38 in 2025. The steepest fall came after June 2023, when the Central Bank of Nigeria (CBN) ended the separate exchange rate windows and moved all official trading to a single market.
Source: Central Bank of Nigeria (CBN), Statistical Bulletin 2025, Table D.4.1. The CBN official rate was the interbank rate until April 2021 and the Investors and Exporters window rate from May 2021; that window was renamed the Nigerian Autonomous Foreign Exchange Market in October 2023. From 2017 to 2020 the Investors and Exporters window, at about ₦360 to ₦382, ran alongside the official rate shown.
Show the figures
| Year | ₦ per US$ |
|---|---|
| 2015 | 193.28 |
| 2016 | 253.49 |
| 2017 | 305.79 |
| 2018 | 306.08 |
| 2019 | 306.92 |
| 2020 | 358.81 |
| 2021 | 400.24 |
| 2022 | 425.98 |
| 2023 | 645.19 |
| 2024 | 1,478.97 |
| 2025 | 1,518.38 |
The rate at the end of each year tells the same story: ₦197 to the dollar at the end of 2015, ₦899.89 at the end of 2023, ₦1,535.82 at the end of 2024 and ₦1,435.76 at the end of 2025.