CBN Survey Reveals Business Optimism for Naira Gains
The Central Bank of Nigeria (CBN) released its Business Expectations Survey for September 2026, indicating that Nigerian businesses anticipate modest gains in the naira's value against the dollar. The official exchange rate at the Nigerian Foreign Exchange Market (NFEM) was approximately N1,327.08, averaging N1,329 per dollar throughout the month.
In the parallel market, the dollar was exchanged between N1,370 and N1,390. The Business Confidence Index stood at 13.4 points, reflecting optimism attributed to rising demand (29.3%), economic diversification (18.9%), and improved access to finance (13.5%).
However, businesses also identified several pressures affecting operations, including multiple taxation (67.1 points), insecurity (66.2 points), and high interest rates (64.3 points). Regionally, the North-East showed the most optimism, while the South-East did not share this positive outlook.
As of September 21, 2026, Nigeria's external reserves reached $54.79 billion, marking a 30.36% increase from the previous year.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
Naira Strengthens Against Dollar as CBN Reports Gains
Naira Strengthens as CBN Reserves Reach $54 Billion
Naira Appreciates Against Dollar as Reserves Rise
CBN Maintains Rates as Naira Faces Bearish Outlook
CBN Reports Stable Naira Against Dollar in October
Naira Gains Against Major Currencies on September 2, 2026
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
