Nigerian Naira Gains Strength Against US Dollar, Experts Predict New Exchange Rate for 2026

The Nigerian Naira has continued to appreciate against the US dollar, with experts forecasting a new exchange rate range for 2026. The recent gains are linked to sustained interventions and economic reforms, improving liquidity and boosting investor confidence.

Despite a decline in foreign exchange inflows, the Naira rose to N449.99 per US dollar. Analysts expect the Naira to trade within a narrow band of N470 to N520 per dollar in 2026.

Notably, Muda Yusuf and David Cowan have differing outlooks on the Naira's future performance, with Cowan mentioning the influence of lower crude oil prices.