The Nigerian Naira maintained relative stability against the US Dollar on Monday, December 8, 2025, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, data monitored by NAN showed.
NFEM Rate Holds Steady
In the official market, the indicative exchange rate for the US Dollar to Naira was ₦1,449.84 per dollar as of Monday morning. Analysts said the figure reflects a continuation of trends seen at the end of the previous week, suggesting that the Central Bank of Nigeria’s monetary and liquidity management measures may be stabilising the market.
Market watchers noted that although liquidity in the NFEM remains thin, which could trigger volatility, the rate has so far shown resilience amid persistent demand pressures.
Parallel Market: Premium Persists
In the parallel market, where informal transactions and smaller business dealings occur, the Naira traded at a premium over the official rate. Dealers in major cities such as Lagos and Abuja reported trading levels of around ₦1,480 to ₦1,490 per dollar.
Economists said the gap between official and parallel rates continues to raise concerns for businesses, fuelling speculation and discouraging foreign investment through formal channels.
Analysts expect the market to remain under close watch for any major policy announcements or changes in foreign currency supply as the year-end approaches.
