Standard Bank has projected that the Naira will close at N1,458.8/$1 by December 2025, and slightly weaker at N1,473.0 by December 2026, amid improved foreign exchange (FX) reserves, buoyant banking system liquidity, and growing investor confidence in naira assets.
In its latest projection, seen by Nairametrics on Saturday, the bank noted that despite persistent risks, the Naira’s performance since mid-September has defied earlier expectations.
According to the report, the currency has appreciated against the US dollar to below N1,500 since September 15, reflecting the Central Bank of Nigeria’s (CBN) sustained efforts to stabilize the market.