The Nigerian naira has rebounded against the US dollar at the official market, a day after President Donald Trump’s statement on potential military action in the country. According to data from the Central Bank of Nigeria, the naira strengthened to 1,433.66 per dollar on Tuesday, gaining 2.68 naira from the previous day’s rate of 1,436.34.

On the parallel market, the naira also appreciated, trading at 1,450 per dollar, up from 1,460, as reported by Bureau de Change operators in Abuja. This development comes as Nigeria’s foreign exchange reserves increased to $43.259 billion in November 2025, a rise from $43.197 billion at the end of the previous month.

The naira’s depreciation on Monday had begun the week on a negative note, but the latest gain suggests a reversal of fortunes for the currency. The improvement in the naira’s value may be attributed to various market and economic factors, including the country’s rising external reserves.

Nigeria’s external reserves have been steadily increasing, providing a cushion for the naira and supporting the country’s economy. The rise in reserves is a positive indicator of the country’s economic health and its ability to meet its international obligations.

The naira’s performance is closely watched by investors, businesses, and individuals, as it has a significant impact on the country’s trade and economy. A stable naira is essential for maintaining economic growth, controlling inflation, and attracting foreign investment.

As the global economy continues to evolve, Nigeria’s economic policies and responses to international developments will be crucial in determining the naira’s trajectory. The country’s ability to manage its external reserves, balance its trade, and maintain a stable currency will be essential in navigating the complexities of the global market.