Naira Holds Below ₦1,400 as Nigerian Households Feel Cost-of-Living Squeeze

Nigeria’s naira has held in a relatively stable band under ₦1,500 to the dollar, with the gap between official and parallel rates now measured in single-digit naira rather than hundreds, even as inflation and living costs stay punishing for most households. Reserves near multi-year highs give the currency a buffer, but debt service and food prices remain the pressure points. For diaspora senders and Nigerian businesses alike, exchange-rate stability is the reform that most directly touches daily decisions.

Source: Vanguard, Punch, State House (Abuja).