The Nigerian Naira maintained a steady exchange rate against the United States Dollar on Tuesday, December 2, 2025, with both official and parallel markets showing minimal fluctuations.
Official Market Stability
Data from the FMDQ Securities Exchange and the Central Bank of Nigeria (CBN) revealed that the Naira opened at ₦1,447.96 per dollar, reflecting only a slight change from previous sessions. Last Friday, November 28, the currency closed at ₦1,446.90, with intraday movement ranging between ₦1,445.00 and ₦1,449.75. Monday, December 1, also saw calm activity, with the Naira trading around ₦1,446.59 in the official window.
Parallel Market Shows Narrow Spread
In the parallel (black) market, the dollar remained slightly higher but within a tight range, reflecting growing alignment with official rates. Surveys in Lagos and Abuja indicated dollar rates between ₦1,465 and ₦1,470, while digital exchange platforms posted values between ₦1,465.33 and ₦1,469.00. This kept the spread between official and parallel markets at approximately ₦18–₦22.
Analysts Cite Liquidity Management
Experts attribute the stability to improved liquidity management by the CBN and its proactive measures to curb volatility. In late November, the Naira traded between ₦1,440 and ₦1,458, signaling consistent resilience in the foreign exchange market.
Outlook
Market watchers expect the Naira to remain stable if current liquidity levels are maintained and policy confidence persists. This stability provides reassurance for importers, exporters, and Nigerians relying on foreign currency transactions during the year-end period.
