In September 2025, Forbes’ currency tracker has placed Nigeria’s naira as the ninth weakest currency among African nations, underscoring the serious economic pressures still affecting Nigeria despite some recent easing of inflation.
The ranking is drawn from a currency-calculator tool that uses real-time foreign-exchange market data—via the Open Exchange Rates API—and updates every five minutes to reflect live movements.
Leading the list of weakest African currencies is the São Tomé & Príncipe dobra, trading at about 22,282 to the US dollar. It is followed by the Sierra Leonean Leone, Guinean Franc, Ugandan Shilling, and Burundian Franc.
Other weaker currencies include the Congolese Franc, Tanzanian Shilling, and Malawian Kwacha. Meanwhile, the naira comes in at roughly ₦1,490 per US dollar. Just ahead of it is the Rwandan Franc at around 1,448.
On the flip side, the report identifies five of Africa’s strongest currencies: Tunisian Dinar (≈ 2.90 per USD), Libyan Dinar (≈ 5.40), Moroccan Dirham (≈ 9.91), Ghanaian Cedi (≈ 12.31), and Botswana Pula (≈ 14.15).
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