The naira is the currency of Nigeria. In Nigeria, the official currency is the Naira (NGN), and the exchange rate determines how much Naira you need to buy foreign currencies like the US Dollar (USD) or the Euro (EUR). Exchange rates can either be fixed or floating. Furthermore, analysis ofthe impact ofthenaira exchange rate and the US dollar volatility revealed that while the former discouraged non oil exports in Nigeria, the latter promoted it by -0.885 and 1.819 for any unit change in volatility respectively. Nigeria’s economic landscape stands at a precarious crossroads. Once revered as a symbol of stability, the Naira now grapples with domestic anxieties and international scrutiny. As a critical indicator of national health, the currency demands an honest, in-depth examination. Nigerians have been accumulating foreign currencies to protect their wealth from nairavolatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nigeria. While both the government and the Central Bank of Nigeria’s (CBN) policies have led to the naira rallying to become the best-performing currencyin April, the Goldman Sachs economist said doubts linger over theNigerian government’s willingness to continue with these policies. the naira exchange rate volatility decreased non oil exports by 3.65% while the same estimate for the. US dollar volatility increased export of non oil in Nigeria by 5.2% in the year 2003. The paper seeks to quantitatively assess the impact of exchange rate volatility on non oil export flows in Nigeria. Theoretically, volatility-trade link is ambiguous, although a strand of studies reported inverse link between export flow and volatility.