The naira recorded little or no movement against the US dollar on Monday, December 15, 2025, as exchange rates remained largely stable across both the official and parallel markets.
At the Nigerian Foreign Exchange Market (NFEM), the naira traded at about ₦1,448.68 to the dollar, showing only a slight change from the previous trading session. The currency has continued to hover around the ₦1,450 mark in recent days, reflecting ongoing efforts by the Central Bank of Nigeria (CBN) to keep the foreign exchange market stable.
In the parallel market, the dollar exchanged at roughly ₦1,449.56, leaving a very slim difference of less than ₦1 between the official and black market rates. This close alignment suggests improved convergence between the two markets, a goal long pursued by monetary authorities. Analysts link this development to tighter regulation and improved liquidity management by the CBN.
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Dollar to Naira exchange rate today, December 12, 2025
The current stability follows a week in which the naira traded within a narrow range, fluctuating between about ₦1,447 and ₦1,459 at the official window.
Several factors continue to shape the naira’s performance, including the CBN’s high Monetary Policy Rate of 27 percent, aimed at controlling inflation and attracting foreign investment. Oil price movements also remain critical, given Nigeria’s reliance on crude oil earnings for foreign exchange inflows.
As the year-end approaches, rising demand for foreign exchange for business and personal transactions may put pressure on the market. For now, however, the naira is holding steady, with traders and policymakers closely watching liquidity levels and ongoing interventions by the CBN.
