Dollar to Naira exchange rate today, December 30, 2025
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The Nigerian Naira maintained a steady yet cautious position against the United States Dollar during early trading sessions today, Tuesday, December 30, 2025. This performance comes as the year winds down, with market participants closely monitoring the interplay between the official Nigerian Foreign Exchange Market (NFEM) and the unofficial parallel market.
Official Market Performance
At the Nigerian Foreign Exchange Market (NFEM), the Naira opened the day with a slight appreciation. According to real-time data from early morning trading, the exchange rate settled around N1,448.03 per dollar. This represents a marginal gain from the previous day’s opening rate of N1,455.39, reflecting a relative stabilization in the official window as corporate demand for foreign exchange typically eases during the final week of the year.
Financial analysts attribute the relative stability in the official window to consistent interventions by the Central Bank of Nigeria (CBN) and a temporary decrease in import-related demand.
Parallel Market Trends
In the parallel market, commonly referred to as the black market, the local currency continues to trade at a premium. Bureau De Change operators in major hubs like Lagos and Abuja reported rates hovering between N1,720 and N1,735 per dollar. The spread between the official and parallel markets remains a point of focus for policymakers, as retail demand for travel and personal remittances often peaks during the festive period.
While the gap persists, the volatility observed earlier in the quarter has largely subsided, providing a more predictable environment for end-users seeking foreign exchange outside the formal banking system.
Factors Influencing the Market
Several key factors are currently shaping the exchange rate landscape:
End-of-Year Liquidity: The seasonal slowdown in large-scale manufacturing imports has relieved some pressure on the NFEM.
Foreign Reserves: Market sentiment remains bolstered by recent reports regarding Nigeria’s gross external reserves, which have provided the central bank with the necessary buffer to manage currency fluctuations.
Global Oil Prices: Stable crude oil prices have supported the inflow of foreign exchange, contributing to the current resilience of the Naira.
As the trading day progresses, stakeholders expect the rates to remain within the current range, barring any significant economic announcements or sudden shifts in global market sentiment.
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