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₦

Nigerian Naira

NGN · Nigeria

46
Moderate
Risk
Historical Scores
434853Jul 2021Jul 2025Aug 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 24.5%/yr returns to not lose value. ₦100 today → ₦81 next year. Calculator ↓

Inflation
23.0%
Debt / GDP
Not available
GDP Growth
4.0%
FX Volatility
28.0
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 (23.0% 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 NGN23.0% inflation
₦355−₦645 (64% purchasing power lost)
Your ₦1,000 buys 64% less in 5 years
What if you invested ₦1,000 instead? (5yr, in NGN terms)
USD-denominated assets gain an additional ~20.0%/yr from expected NGN depreciation vs USD
Hold USD Cash
₦2193
+₦1193
+17.0%/yr net in NGN
S&P 500
₦3714
+₦2714
range: ₦1926–₦6636
10% USD return + 20.0% FX · ±16% vol
Gold
₦3437
+₦2437
range: ₦1217–₦8116
8% USD return + 20.0% FX · ±24% vol
Bitcoin
₦6412
+₦5412
range: ₦624–₦31.2k
25% USD return + 20.0% FX · ±54% vol

All values in NGN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~20.0%/yr based on the inflation differential between Nigeria (23.0%) 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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