Experts: Naira Could Strengthen Below N1,000/$ in One Year, N985/$ is Fair Value  

Analysts at MDU Capital Limited have projected that the naira could strengthen to below N1,000 per dollar within the next 12 months, with a fair value estimate of N984.7 per dollar as of June 2026. The firm's research indicates a significant gap between the current market rate and its estimated fundamental value, suggesting potential appreciation. The valuation was derived using three models: the money-supply model, forward-rate model, and a blended valuation model.

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