17/10/2025
Nigeria’s naira is poised to weaken further amid foreign investor sell-offs, limited dollar supply, and rising global risk aversion, while Ghana’s cedi is expected to maintain its upward momentum thanks to strong FX inflows and central bank support. As of Thursday, the naira traded at 1,475 per dollar officially and 1,495 on the streets, down from 1,455 a week prior. Meanwhile, the cedi strengthened to 10.90 per dollar from 12.30, supported by mining sector inflows and moderated FX demand. Kenya’s shilling remains stable, Uganda’s shilling faces pressure from rising dollar demand, and Zambia’s kwacha continues to firm up, backed by copper export inflows and improving mining output.