Twelve trends to shape Nigeria in 2026 – Rewane

In his keynote address at the 2025 Parthian Economic Discourse, economist Bismarck Rewane laid out a comprehensive road-map for Nigeria’s economy in 2026, spotlighting a dozen powerful forces expected to shape growth and structural change.

Among the most significant: a surge in stock-market activity driven by anticipated mega-listings — including Dangote Refinery and NNPC — which could lift market capitalisation to as much as ₦262–₦263 trillion.

Inflation and interest-rate dynamics are also projected to improve: thanks to tighter monetary policy, inflation may ease toward ~20 %, helping restore purchasing power and stimulate credit growth.

Rewane expects modest but steady macro growth, with GDP rising around 4.1 %, spurred by increased private-sector investment, productive reforms, and higher consumption.

On the foreign-exchange front, the naira could firm to N₦1,450–₦1,500/$, buoyed by stronger reserves and improved FX supply, which would reduce exchange-rate volatility for businesses.

Other structural shifts include expanded adoption of digital technologies, growth in social commerce, implementation of fresh tax reforms, and a 15 % import duty on fuel imports — all likely to reshape consumption, business models, and public-finance dynamics.

For Nigerian businesses, investors and citizens alike, 2026 could mark a turning point — one defined not just by recovery, but by emerging opportunities in capital markets, digital economy, and structural reform