Gold Surge Pushes Africa’s Biggest Nation’s Currency to 3-Year High—What’s Behind It?

Nigeria’s naira hits a three-year high as gold reserves soar to $46 billion. The rally defies conventional wisdom about oil-dependent economies.

Africa FX Surprise: Nigeria’s Naira, Ghana’s Cedi Among Currencies Seen Stable

Nigeria’s naira and Ghana’s cedi defied crisis predictions in 2025—gold reserves and policy shifts stabilized currencies experts expected to collapse.