Naira Projected to Reach N1,400/$ by H2 2026
Analysts at Coronation Research have projected that the Naira will trade at N1,400 against the dollar in the second half (H2) of 2026. Adeyemi Temilola, Head of Coronation Research, made this projection during the H1 2026 Capital Market Review and Outlook for H2 2026 held in Lagos.
The Naira is expected to gradually depreciate by year-end, closing at an average of N1,365 against the dollar in H1 2026, which is better than the forecast of N1,382. Factors influencing this projection include global economic growth, inflation, and crude oil prices.
Temilola noted that Nigeria's improved yield differential attracted record portfolio inflows of $10.37 billion in Q1 2026, allowing the Central Bank of Nigeria (CBN) to prioritize credibility over speed while maintaining currency stability. She identified six swing factors that will shape H2 2026, including oil revenue and monetary policy rates.
The report suggests that fixed income instruments offer attractive entry points for investors, while the Naira's stability in H1 2026 supports import-dependent sectors.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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