The exchange rate between the US Dollar and the Nigerian Naira remained stable on Friday, December 5, 2025, with the local currency maintaining its position in both the official and parallel markets.
Official Market
According to data from the FMDQ Securities Exchange, the Naira traded at ₦1,450.25 per dollar at the official window. This is consistent with the trend seen throughout the week, where the currency traded between ₦1,448 and ₦1,450.
Market analysts say the calm movement is a result of steady liquidity, improved transparency, and ongoing interventions by the Central Bank of Nigeria. The closing rate of ₦1,450.25 reflects a relatively balanced market with fewer sharp swings compared to previous years.
Parallel Market
In the parallel (black) market, the Naira exchanged between ₦1,455 and ₦1,460 to the dollar. Bureau de Change operators in Lagos and Abuja noted that demand has stabilised, with fewer speculators pushing up prices.
The difference between official and parallel rates has now narrowed to under ₦15, a positive sign that the market is becoming more aligned and reducing room for arbitrage.
Read Also;
Dollar to Naira exchange rate today, December 4, 2025
Why the Naira Is Stable
The recent stability is supported by improved economic conditions:
External reserves have risen to about $44.56 billion, giving the CBN enough backing to support the currency.
Inflation has eased to 16.05%, the lowest in three years, helping strengthen confidence in the Naira.
With the festive season approaching and an expected increase in remittances, analysts
