The naira could strengthen to between N1,350 and N1,450 per dollar in 2026, driven by improving macroeconomic fundamentals and a more supportive foreign exchange environment.
This is according to CardinalStone Partners’ 2026 economic outlook report, “Indicators Align for Sustained Macro Gains,” published on January 6, 2026.
The report outlines expectations of currency appreciation, easing inflationary pressures, and softer domestic energy prices, even as risks from global oil markets and domestic insecurity persist.