Naira is expected to remain under pressure against the United States dollar in 2026, with outcomes ranging from moderate depreciation to a worst-case scenario of further weakening.
This is according to Economist, Yemi Kale, who was the keynote speaker at the FirstBank Nigeria Economic Outlook 2026.
His report outlines three scenario-based forecasts for the USD/NGN exchange rate, reflecting varying assumptions around oil prices, foreign-exchange (FX) inflows, inflation trends, and policy consistency.