Naira outshines African peers despite mounting FX pressure

    Hope Moses-Ashike | Top Stories | Apr 28, 2026    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
5283
times

Nigeria's naira has outperformed most of its African peers in 2026, even as the Middle East conflict adds volatility to global currency markets.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Markets
How Dangote can use NGX Invest to democratise Africa's largest IPO
The anticipated listing of Dangote Petroleum Refinery and Petrochemicals is shaping up to be the largest and most consequential capital market transaction in African history.
Iheanyi Nwachukwu | Jun 23, 2026
Economy
How five Nigerian families are closing widening income gap
From Uber driving and POS businesses to online tutoring and home-based catering, households are building new income streams to bridge the widening gap between wages and living costs.
Oluwatobi Ojabello | Jun 23, 2026
Markets
Stock deals skyrocket 131% to N7.89trn as domestic, foreign appetite explodes
A powerful combination of local confidence and returning international capital has sent the Nigerian equities market into hyperdrive.
Iheanyi Nwachukwu | Jun 22, 2026
Markets
Nigeria stocks shed N8.24trn as investors pull profit
Nigerian stocks have shed about N8.24 trillion in value since the start of June as investors locked in gains following months of strong rallies, triggering a long-anticipated market correction.
Iheanyi Nwachukwu | Jun 22, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad