Dollar–Naira Exchange Rate Today, December 16, 2025

The Nigerian foreign exchange market began the week with the naira showing mixed but largely stable performance across both the official market and the parallel segment on Tuesday, December 16, 2025.

NFEM (Official) Exchange Rate

Data from the Nigerian Foreign Exchange Market (NFEM) indicated that the naira closed the early trading session at ₦1,452.27 per US dollar.
The official rate traded within a narrow band, moving between ₦1,451.19 and ₦1,452.57 during the opening hours. This trend reflects the Central Bank’s continued efforts to keep the official exchange rate relatively stable compared with movements seen in recent weeks.

Parallel Market (Black Market) Rate

Checks from Bureau De Change (BDC) operators and street traders revealed a modest gap between the official and unofficial markets.
In the parallel market, the US dollar exchanged at an average of ₦1,465 to ₦1,475 for cash transactions. The premium over the official rate highlights ongoing demand–supply imbalances in the informal market, largely driven by unmet foreign exchange needs of small businesses and individual buyers.

Market Outlook

Analysts link the stability in the official window to increased liquidity support from the Central Bank, alongside a seasonal slowdown in corporate foreign exchange demand as the year draws to a close. However, the continued premium in the parallel market suggests that structural constraints and speculative activities are still placing pressure on the naira.

Market participants remain watchful, as attention shifts to possible policy actions by monetary authorities aimed at exchange rate convergence and easing inflationary pressures.

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