Will the official USD/NGN exchange rate rise above ₦1,370 before August 15?

Outcome: NO

How this forecast is settled

Recent reporting has the official rate around ₦1,360/$1, while Reuters' August 6 outlook expected the naira to remain relatively stable, so ₦1,370 is a relatively close threshold.

Resolution

The official USD/NGN exchange rate tracked by the Central Bank of Nigeria and official market windows did not rise above ₦1,370 before August 15, 2026. Instead, it remained stable, hovering roughly between ₦1,357 and ₦1,365 per US dollar through mid-August.

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