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FG Sets N1,512/$1 Exchange Rate for 2026, Projects N20.1tn Budget Deficit

The Federal Government has approved an exchange rate benchmark of N1,512 to the dollar for the 2026 fiscal year under its Medium-Term Expenditure Framework and Fiscal Strategy Paper covering 2026 to 2028, Peak Newspaper reports. The new rate, higher than the 2025 benchmark of N1,400, will guide key assumptions in the upcoming Appropriation Bill, alongside […]