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Bloomberg Predicts the Naira's Strongest Year Since 2018; Here's What's Behind It

Bloomberg surveyed four analysts and forecasts the naira closing 2026 at ₦1,290/$1 (up from ₦1,328.92/$1); a near-12% annual gain, its strongest since at least 2018. The optimism is driven by record-high external reserves ($53.9B, an 18-year high), strong oil revenue, and rising remittances. But it's not unanimous — Coronation Research projects the opposite, expecting the naira to weaken to ₦1,400/$1 by H2 2026, while other models land somewhere in between (~₦1,313 average). The post explains what this means for everyday Nigerians (import costs, remittances, purchasing power), notes that even expert forecasters disagree meaningfully here, and ties it to Moyrad's live market where people can trade their own view on which forecast proves right.