The exchange rate between the Naira and the US Dollar remained stable on Thursday, December 11, 2025, across key foreign exchange markets, reflecting ongoing efforts to strengthen Nigeria’s currency and improve liquidity.
Official Market (NFEM)
Data from the FMDQ Securities Exchange shows the Naira trading at ₦1,451.86 per dollar in the Nigerian Foreign Exchange Market (NFEM). The currency has maintained a consistent pattern this week, staying within the ₦1,450 – ₦1,452 range.
Analysts say this stability is supported by improved market liquidity and steady foreign capital inflows, which have climbed past $20 billion this year. The Central Bank of Nigeria’s reforms in the Bureau de Change (BDC) sector have also contributed to the calmer trading environment.
Parallel (Black Market) Rates
On the streets, the dollar is selling for an average of ₦1,490 and buying at ₦1,475.
The difference between the official and black market rates has narrowed to about ₦35 – ₦40, indicating fewer arbitrage opportunities and a more aligned forex ecosystem.
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Dollar to Naira exchange rate today, December 10, 2025
Key Rates Today
NFEM (Official): ₦1,451.86 / $1
Black Market Buy: ₦1,475 / $1
Black Market Sell: ₦1,490 / $1
Pound Sterling: ₦1,970 / £1
Euro: ₦1,725 / €1
Market Outlook
Nigeria’s external reserves, now at $45.3 billion, are helping to sustain market confidence. Although demand for dollars typically rises during the festive season, current liquidity and tighter regulation of BDCs are helping prevent sharp swings in the exchange rate.
Experts remain cautiously optimistic, noting that upcoming decisions by the US Federal Reserve could further weaken the dollar globally—potentially offering additional support to the Naira in the weeks ahead.
