Will the naira officially break below the ₦1,350/$ support level on the NAFEM window this Monday as banks scramble for liquidity?

Outcome: NO

How this forecast is settled

Liquidity tightening measures can strengthen the naira in the short term by reducing supply and stabilizing demand. However, breaking a key support level typically requires sustained pressure, strong FX inflows, and consistent market confidence, not just short-term liquidity effects.

Resolution

No, the Naira did not officially break below the ₦1,350/$ support level on the NAFEM window yesterday, Monday, April 13, 2026. While the currency appreciated slightly due to the "liquidity squeeze," it hit a resistance wall and closed the trading day at ₦1,356.89, missing the breakout target by approximately ₦7.00

Make your forecast on GetUrgent2K Daily. Free to play; earn airtime for taking part and for getting it right.