Nigerian official predicts naira will strengthen to about N1,400 per dollar by year-end.

A Nigerian Central Bank official projects the naira will strengthen to about N1,400 to the dollar by year-end, citing increased oil production, capital inflows, and better balance of payments. Despite recent economic reforms, Nigeria's debt has risen, highlighting the need for economic diversification and fiscal discipline to sustain economic gains. The naira's stability is supported by rising external reserves and effective foreign exchange management.