Nigeria's naira has outperformed most of its African peers in 2026, even as the Middle East conflict adds volatility to global currency markets.
A report by United Capital Plc shows the naira appreciated 6.7 per cent against the US dollar year-to-date as of 24 April, compared with declines across several major African currencies — the Kenyan shilling fell 0.27 per cent, the Angolan kwanza 0.09 per cent, the South African rand 0.34 per cent and the Ghanaian cedi 5.30 per cent over the same period.
Ayodele Akinwunmi, chief economist at Unit
