Nigeria, April 25 -- The World Bank on Thursday said that the policy reforms of the Central Bank of Nigeria (CBN) have led to a more stable Naira in recent months.

The bank made this known in the latest edition of its Africa's Pulse report, which documents the key issues shaping Africa's economic future. The report was released as part of activities at the ongoing World Bank/IMF spring meetings in Washington.

The World Bank's report said that the weakest performing currencies over the past year were the South Sudanese pound, the Ethiopian birr, and the Nigerian naira, with reductions in value that exceeded 40 per cent in 2024.

"Policy efforts are aimed toward a unified and market-determined exchange rate to make the naira more competit...