The Nigerian Naira has gained a relatively stable position against the US Dollar in both the official and parallel markets as trading opens today, Wednesday, December 10, 2025.
Market data indicates a continued convergence between the official Nigerian Foreign Exchange Market (NFEM) rates and the street markets, driven by recent monetary policy shifts and improved foreign exchange liquidity.
In the official market, the Naira is currently trading at an average of ₦1,452.38 to the dollar, according to data from the FMDQ and major trading platforms like Xe.
This represents a period of sustained stability for the local currency, which has hovered between the ₦1,452 and ₦1,460 band in recent weeks.
Market analysts attribute this stability to increased foreign inflows and the impact of the US Federal Reserve’s recent interest rate adjustments.
The dovish stance taken by the Fed in late 2025 has softened the greenback globally, allowing emerging market currencies like the Naira to regain some ground.
On the Parallel Market
On the parallel market, often referred to as the black market, the exchange rate has shown a similar trend of moderation. Currency dealers in Lagos and Abuja are exchanging the dollar at a selling rate of approximately ₦1,490 and a buying rate of ₦1,475 today.
Market Outlook
Financial experts point to the Central Bank of Nigeria’s persistent reforms and the recent accumulation of foreign reserves as key factors supporting the Naira’s value.
