What this means
A stronger naira than the 2025 peak, but still expensive FX
The naira is firmer than it was around the April 2025 stress point, but the exchange rate is still far above the levels Nigerians were used to before the post-reform adjustment.
For households and businesses, that still means imported goods, foreign tuition, overseas services, and dollar-linked costs remain expensive.
In simple terms: the naira has improved, but it has not returned to a cheap-dollar environment.