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BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·
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Nigerian Naira

NGN · Nigeria

46
Moderate
Risk
Historical Scores
434955Jul 2021Jul 2023May 2026
What does this mean for you?

The Nigerian Naira is in decent shape overall, scoring 46 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

Your savings need 34.7%/yr returns to not lose value. ₦100 today → ₦75 next year. Calculator ↓

Inflation
33.2%
Debt / GDP
Not available
GDP Growth
4.1%
FX Volatility
36.1
Governance
-0.9
Reserves
7.1 mo
Analysis
What's working well
Economy is growing healthily
Healthy foreign currency reserves as a safety net
What to watch out for
Restrictions on moving your money out of the country
Prices rising fast (33.2% per year) — your savings lose value quickly
Weak rule of law — harder to trust that the system will protect your money
Full Nigeria analysis →

Savings Impact Calculator

₦
Holding cash in NGN33.2% inflation
₦238−₦762 (76% purchasing power lost)
Your ₦1,000 buys 76% less in 5 years
What if you invested ₦1,000 instead? (5yr, in NGN terms)
USD-denominated assets gain an additional ~30.2%/yr from expected NGN depreciation vs USD
Hold USD Cash
₦3335
+₦2335
+27.2%/yr net in NGN
S&P 500
₦5425
+₦4425
range: ₦2960–₦9311
10% USD return + 30.2% FX · ±16% vol
Gold
₦5049
+₦4049
range: ₦1946–₦11.2k
8% USD return + 30.2% FX · ±24% vol
Bitcoin
₦9017
+₦8017
range: ₦1064–₦40.1k
25% USD return + 30.2% FX · ±54% vol

All values in NGN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~30.2%/yr based on the inflation differential between Nigeria (33.2%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how NGN ranks differently.
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