Dollar to naira exchange rate stands at N1,340 to N1,430 in Q1 – CPPE forecasts Q2

The Centre for the Promotion of Private Enterprises (CPPE) has disclosed that the naira traded wrong the scope of N1,340 to N1,430 against the dollar successful the authoritative marketplace successful the archetypal 4th of 2026.

Chief Executive Officer of CPPE, Muda Yusuf, made this known successful a play connection portion reviewing Nigeria’s economical show successful Q1 and providing an outlook for the 2nd quarter.

According to him, the comparative stableness of the naira during the play helped to mean imported ostentation and boost capitalist confidence.

He attributed the speech complaint stableness to improved outer reserves, which climbed to astir $50 cardinal arsenic of March 11, 2026.

Despite the gains, Yusuf noted that the cost-of-living situation remained terrible for galore Nigerians, driven by precocious vigor costs, insecurity, and persistent structural challenges wrong the economy.

Looking ahead, helium said the outlook for Q2 is cautiously optimistic but faces notable risks, peculiarly from ongoing geopolitical tensions involvin...