* For more than four decades, oil has dictated naira stability
* But in 2025, when oil prices plunged, the naira didn’t flinch!
For the first time in many decades, Nigeria is experiencing a significant shift: the naira is starting to detach from the influence of global oil prices. Previously known as a typical “commodity currency,” the naira’s value historically fluctuated with Brent crude. However, recent developments indicate a quiet revolution. Despite lower oil prices for most of 2025, market data sh
