Naira to Close 2026 at 1,100-1,250 vs Dollar, Analysts Say

On Market Watch on NairametricsTV, analysts Muktar Mohammed and Idika Aja challenge BMI's projection of 1,550 Naira per dollar by year-end 2026. Muktar forecasts the currency will close between 1,100 and 1,250, citing potential market surprises. He argues the Naira is positioned to outperform the widely cited 1,550 projection. Idika counters that Nigeria's $6 billion Q3 capital inflows signal market stability, making a 1,550 weakening unlikely even if BMI's inflation assumptions were accurate. The analysts urge investors to monitor FX-driven sectors like upstream oil and treasury bills, where high liquidity presents opportunities.

SOURCE: https://nairametrics.com/2026/02/17/n1550-analysts-predict-stronger-naira-in-2026/