The Aliko Dangote, Chairman of the Dangote Group, has predicted a significant strengthening of the naira, saying the currency could reach N1,100 to a dollar this year. While the naira currently trades around ₦1,300 to a dollar, Dangote said government reforms signal better days ahead. “The only thing is for, maybe, the government to stop the naira from getting stronger so that they will keep collecting more naira. “But it’s a catch-22 situation where, now, if the naira gets stronger, it means that everything will go down. “I am optimistic that the naira will strengthen meaningfully, and trading below ₦1,000/$1 before year-end is increasingly within reach,” Otedola had said.

Source: Punch February 18, 2026 10:58 UTC