Naira to Dollar official & black market rates today, Thursday, December 11, 2025
Nigeria’s foreign exchange market showed renewed calm on Thursday, December 11, 2025, with the Naira maintaining steady performance against Dollar across major trading windows.
The gap between the official and parallel markets also narrowed further, signalling improved market balance.
Market data on Thursday confirmed that the local currency is enjoying one of its most stable trading weeks in recent months.
Naira Holds Steady in Official Window
According to figures published by the FMDQ Securities Exchange, the Naira traded at about ₦1,451.86 per dollar in the Nigerian Foreign Exchange Market (NFEM).
The local currency has hovered between ₦1,450 and ₦1,452 since Monday, reflecting sustained stability.
Traders also reported reduced intraday volatility, supported by improved dollar supply.
Analysts credit the trend to stronger foreign capital inflows, which have surpassed $20 billion so far this year, and the Central Bank of Nigeria’s (CBN) recent structural overhaul of the Bureau de Change (BDC) segment.
Parallel Market Rate Also Steady
In the parallel market, the dollar sold for an average of ₦1,490 and bought for ₦1,475 on Thursday.
Data from street traders and rate-tracking platforms indicate that the difference between official and black-market rates has dropped to around ₦35–₦40, reflecting reduced arbitrage and smoother market operations—key goals of the CBN’s FX reforms.
Latest Key FX Rates
NFEM (Official) Rate: ₦1,451.86 / $1
Black Market Buying Rate: ₦1,475 / $1
Black Market Selling Rate: ₦1,490 / $1
Pound Sterling (Black Market): ₦1,970 / £1
Euro (Black Market): ₦1,725 / €1
Outlook Remains Positive
Nigeria’s external reserves, now around $45.3 billion, continue to support market confidence.
Experts say the usual December surge in dollar demand is being cushioned by stronger liquidity and tighter regulations for BDC operators.
Investors are watching the US Federal Reserve’s upcoming policy decisions, which could weaken the dollar globally and offer further support to emerging market currencies, including the Naira.
