NGN/USD: Naira Set for Strongest Annual Gain Since 2018 Despite Elections

Nigeria's naira has gained against the US dollar in 2026, driven by increased dollar inflows from oil revenues and remittances. The currency is on track for its strongest annual performance since 2018, according to market analysts. Election-related currency volatility, which historically affects emerging market currencies during political transition periods, has not materialized at the same scale this year.

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