Naira Maintains Stability as CBN Projects Positive 2026 Outlook
The naira traded within a narrow band mid-week as CBN interventions and a more optimistic 2026 forecast supported FX market stability.
Further reporting across multiple outlets indicates the development is drawing heightened attention, with stakeholders watching for next steps from relevant authorities and institutions.
Echotitbits take: Stability is the goal, but the true test will be the CBN’s ability to maintain these levels without burning through foreign reserves. Keep an eye on the February inflation data to see if the currency stability translates to lower consumer prices.
Source: The Guardian — https://guardian.ng/business-services/cbn-survey-projects-steady-naira-improved-economic-activities-in-2026/ (2026-01-21)
Photo credit: The Guardian
2026-01-21 15:00:00
