The Nigerian Naira opened the week with relative stability against the US Dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, based on figures observed on Monday, December 8, 2025.
Official Market Shows Steady Performance
At the NFEM, the indicative rate stood at ₦1449.84 per dollar on Monday morning. This aligns closely with last week’s closing figures, suggesting that the Central Bank of Nigeria’s recent monetary and liquidity adjustments may be helping to keep the market stable.
Analysts point out that although liquidity in the official market remains thin—a condition that usually causes sharp movements—the rate has managed to hold steady despite ongoing demand for dollars.
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Parallel Market Maintains Its Premium
In the parallel (black) market, where many small businesses and individuals tend to source foreign currency, the Naira continued to trade at a premium compared to the official rate. Dealers in major cities such as Lagos and Abuja quoted the dollar between ₦1480 and ₦1490.
The gap between the official and parallel rates remains a concern for many businesses, as it often fuels speculation and discourages investors from using official channels.
With the year coming to an end, traders and market watchers are keeping an eye out for any new policy announcements or changes in dollar supply that could influence the Naira’s direction.
