The Nigerian Naira moved in different directions across the official and parallel markets on Friday, December 12, 2025. While the official Nigerian Foreign Exchange Market (NFEM) kept trading within a familiar and stable band, the parallel market recorded a slight appreciation, narrowing the gap between both markets.
At the official Investors’ and Exporters’ (I&E) window, the Naira closed at ₦1,449.38 per dollar, showing only a mild shift from the previous day. The currency traded as high as ₦1,452.50 during the day and strengthened to ₦1,449.38 at its lowest intraday point. This tight trading range signals continued support from the Central Bank of Nigeria through liquidity management and market interventions.
In the parallel market, however, the Naira gained a little strength. Traders bought the dollar at ₦1,475 and sold at ₦1,485, slightly better than the rates seen earlier in the week. This puts the market premium at roughly ₦25 to ₦36 above the official closing rate.
Read Also;
Dollar to Naira exchange rate today, December 11, 2025
Analysts point to several factors influencing the day's exchange rate movements. Stable global crude oil prices are helping to improve Nigeria’s external reserves, giving the CBN more room to supply the market. The approaching festive season is also expected to increase diaspora remittances, boosting dollar availability in the parallel market. Additionally, investors are monitoring the CBN’s interest rate decisions, as higher rates could help control inflation and attract foreign investment.
Overall, while the official market remained steady, the small parallel market gain brought some relief, though the gap between both markets continues to be a major point of concern for the economy.
