Nigeria’s currency, the naira, has been listed as the ninth weakest in Africa, according to Forbes’ September 2025 currency calculator update.
The ranking highlights the continuing strain on the economy even as the nation records progress in reducing inflation.
The Forbes currency tracker, which draws real-time figures from the Open Exchange Rates API and refreshes every five minutes, reflects shifts driven by market sentiment, supply and demand, and broader economic conditions.
Leading the chart of weakest currencies is the São Tomé & Príncipe Dobra at 22,282 per dollar, followed by the Sierra Leonean Leone (20,970), Guinean Franc (8,680), Ugandan Shilling (3,503), and Burundian Franc (2,968).
Also on the list are the Congolese Franc (2,811), Tanzanian Shilling (2,465), Malawian Kwacha (1,737), the Nigerian Naira (₦1,490 to $1), and the Rwandan Franc (1,448).
In contrast, Africa’s strongest currencies are the Tunisian Dinar (2.90 to $1), Libyan Dinar (5.40), Moroccan Dirham (9.91), Ghanaian Cedi (12.31), and the Botswanan Pula (14.15). The continent currently has 54 recognised states, according to UN data.
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