Will the Naira strengthen below ₦1,600/$ at the official window by month end?

Will the official NAFEM closing rate be below ₦1,600 per US dollar on the last trading day of the month?

Overview

The Nigerian Autonomous Foreign Exchange Market (NAFEM) publishes the official USD/NGN closing rate. This market forecasts whether the Naira trades stronger than ₦1,600/$ at month end.

Resolution rules

Resolves YES if the official FMDQ/NAFEM closing USD/NGN rate on the last trading day of the current month is strictly below 1,600. Otherwise NO. FMDQ published closing rate is authoritative.

Official source: FMDQ Exchange — NAFEM closing rate (fmdqgroup.com)

Lifecycle

1. DRAFT — Create

   8/26/2026, 2:05:47 AM
2. REVIEW — Review

   8/26/2026, 2:05:47 AM
3. APPROVED — Approve

   8/26/2026, 2:05:47 AM
4. OPEN — Open

   8/26/2026, 2:05:47 AM