The Nigerian Naira maintained a comparatively secure place in opposition to the US Greenback on Tuesday, December 23, 2025, as buying and selling opened throughout each the official and parallel markets.
This stability comes amid ongoing efforts by the Central Financial institution of Nigeria (CBN) to handle liquidity throughout the Nigerian Overseas Change Market (NFEM).
Official Market Efficiency (NFEM)
Within the official window, the Naira confirmed minor fluctuations however remained throughout the vary established throughout the earlier week’s buying and selling classes. In keeping with real-time information, the trade fee within the NFEM opened at roughly 1,455.95 NGN per 1 USD.
This follows a closing fee of 1,459.43 NGN recorded on Monday, December 22. Market analysts famous that the intraday excessive reached 1,461.63 NGN, whereas the bottom level dipped to 1,452.65 NGN throughout early morning trades. The relative steadiness within the official window suggests a constant provide of overseas trade to fulfill authentic company and particular person calls for.
Parallel Market (Black Market) Developments
Within the parallel market, popularly referred to as the black market, the Greenback continues to commerce at a premium in comparison with the official fee. As of right this moment, December 23, 2025, bureau de change operators are quoting the Greenback between 1,720 NGN and 1,745 NGN for promoting, whereas shopping for charges hover round 1,710 NGN to 1,730 NGN.
The hole between the official and parallel market charges—also known as the “unfold”—stays a focus for financial observers. Whereas the official fee has seen incremental enhancements or stability, the parallel market continues to react extra sharply to localised demand and seasonal vacation pressures.
Components Influencing the Charge
A number of key components are at present influencing the trade fee dynamics because the 12 months attracts to an in depth:
Seasonal Demand: The top-of-year festivities sometimes drive a better demand for overseas forex for journey and imports, placing stress on obtainable reserves.
CBN Interventions: Sustained periodic auctions by the Central Financial institution have helped mitigate drastic devaluations within the official NFEM window.
World Oil Costs: As Nigeria’s main supply of overseas trade, the efficiency of crude oil within the world market stays a big driver of Naira energy.
Financial specialists recommend that the Naira might proceed to commerce inside this band for the rest of the week, supplied that the present stability of provide and demand is maintained by official channels.
The publish Dollar to Naira exchange rate today, December 23, 2025 appeared first on Vanguard News.
