CBN Forecasts Naira Stability Amid Rising Dollar in 2026
The Central Bank of Nigeria (CBN) foresees stability for the Naira in 2026 despite the continuous rise of the dollar. The borrowing costs are expected to decrease, and inflation is projected to drop to single digits in the coming year.
The CBN's interventions aim to curb excess volatility and sustain foreign portfolio investments. The report highlights challenges such as insecurity, high taxes, inadequate power supply, and high-interest rates affecting businesses in Nigeria.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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