The latest Forbes currency calculator report for September 2025, has ranked the Nigerian Naira as the ninth weakest currency in Africa, thus pointing to the lingering pressure on Nigeria’s economy despite recent signs of easing inflation.
The Forbes currency calculator, which sources real-time foreign exchange market data via the Open Exchange Rates API, updates every five minutes to reflect live trading values.
The system captures the impact of demand and supply, market sentiment, and broader economic conditions on each nation’s currency performance.
According to the data, the São Tomé & Príncipe Dobra (22,282 per $1) topped the list of Africa’s weakest currencies, followed by the Sierra Leonean Leone (20,970), Guinean Franc (8,680), Ugandan Shilling (3,503), and Burundian Franc (2,968). Others on the list include the Congolese Franc (2,811), Tanzanian Shilling (2,465), Malawian Kwacha (1,737), the Nigerian Naira (₦1,490 per $1), and the Rwandan Franc (1,448).
In contrast, the Tunisian Dinar (2.90 per $1), Libyan Dinar (5.40), Moroccan Dirham (9.91), Ghanaian Cedi (12.31), and Botswanan Pula (14.15) were ranked as the five strongest currencies in Africa.
The continent currently has 54 recognised countries, according to the United Nations and geographic data sources.
