Nigeria's naira has steadied near 1,400 to the dollar in 2026 as growth picks up and reserves near $50 billion, signs its painful reforms are paying off.
NIGERIA · ECONOMY
Key Facts
—Currency calm: The naira has held in roughly the 1,350 to 1,430 range against the dollar in 2026, according to Nairametrics.
—Faster growth: Real GDP grew 3.89% in the first quarter of 2026, up from 3.13% a year earlier.
—Reserves rising: External reserves have climbed toward $50 billion.
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The naira strengthened against the dollar ending the week strong as Nigeria’s gross external reserves climbed to a record $50.04
*Says $2.34bn spent on food imports in 2025 despite decline in forex demand
