Expert Forecasts Nigerian Naira Exchange Rate for 2026, Highlights Key Factors Influencing Performance

In a recent economic outlook presentation by Yemi Kale, the Chief Economist of the Export-Import Bank of Afreximbank, it was projected that the Nigerian Naira would trade at N1,350 in 2026. Kale expects the Naira to face pressure but avoid a sharp collapse, trading around N1,313 per dollar in June and approximately N1,340 by December 2026.

The analysis highlighted 10 key factors influencing the Naira's performance, including a mix of domestic and external factors. Despite potential support, several risks could put pressure on the Naira in 2026.

The presentation took place during the FirstBank Nigeria Economic Outlook event. The forecast indicates a challenging yet stable outlook for the Naira's value in the coming year.