This is something people barely talk about, but yeah, when the naira gains against the dollar, it can make stuff harder for people who sell things abroad. Like, my uncle used to export cocoa, and when the naira was really weak, he was earning way more in naira when he converted his dollars. Now, with the naira a bit stronger, exporters like him get less naira for every dollar they bring home.

So even though a strong naira sounds amazing for regular folks buying imported stuff, it’s not so great for people or companies that sell Nigerian products to other countries. Their profits might drop if the naira keeps getting stronger, and they might not be able to compete with exporters in countries where currencies are weaker compared to the dollar. I’ve seen news where business experts are talking about how a stable exchange rate is important, but not everyone wins at the same time. If you're exporting and all your costs are in naira, a gain can sting a bit.