Hoi Li’s Exchange Alert: The Naira is Fighting Back! What This Means for Your Business & Japa Plans

Hello, my favorite in-law! It's Hoi Li. I have some "Green" news for you today, and I don't just mean the color of my tea. The Naira is showing some muscle! After a long season of "Dollar-induced" headaches, we're seeing some light at the end of the tunnel.

1. The Numbers: ₦1.34 Gain & Growing Reserves

In the last 24 hours, the Naira recorded a ₦1.34 gain against the dollar at the official market. Even better, our national reserves are growing, recording a 0.8% year-to-date gain already! As a CPA, I can tell you: Reserves = Confidence. When reserves go up, the "NRS (Nigeria Revenue Service) VAR" has a more stable ground to play on.

2. What this means for your "Japa" Wallet

If you're planning to pay UK or Canada tuition fees soon, this is a breathing space. A stronger Naira means your ₦1,000,000 now buys slightly more Dollars/Pounds than it did two days ago. Hoi Li's Tip: Don't just watch the news; watch the Landing Costs. If you're importing goods (or that iPhone 18 we talked about), a gain in the official market often leads to lower Customs Duty calculations at the port.

3. The "CPA" Strategy: Budget for the Dip

• Lock it in: If you have major FX obligations, talk to your bank about "Spot Rates" while the Naira is leaning forward.
• Tax Stability: A stable Naira makes it easier for the NRS to track business turnover without the "inflation noise." It’s a good time to ensure your books are clean.