Will the official Naira exchange rate close ABOVE ₦1,385/$1 on the NAFEM window by the close of business on Wednesday, May 13?

Outcome: NO

How this forecast is settled

Will the Naira close above ₦1,385/$ on NAFEM? FX pressure remains high, but key levels often face intervention resistance.

Resolution

NO, the official Naira exchange rate did not close above ₦1,385/$1. It actually strengthened to close at ₦1,370.56/$1.The currency appreciated by approximately 0.37% on the NAFEM window yesterday (Wednesday, May 13, 2026), defying the depreciation trend seen earlier in the week. This result resolves your forecast question as a "NO" outcome, with the closing rate falling ₦14.44 below your specified threshold of ₦1,385

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