Naira to Dollar official & black market rates today, Tuesday, December 16, 2025
The Naira dollar rate opened the new trading week on a mixed note, showing relative calm across the official window and the parallel market on Tuesday, December 16, 2025.
The Naira dollar rate reflected cautious stability as traders reacted to ongoing central bank interventions and seasonal foreign exchange demand across Nigeria’s currency markets.
Official NFEM Rate Shows Stability
Data from the Nigerian Foreign Exchange Market showed the Naira dollar rate closed early trading at ₦1,452.27 per US Dollar.
This performance highlights efforts by the Central Bank of Nigeria to keep the Naira dollar rate within a narrow and controlled range.
Trading activity during the session placed the Naira dollar rate between ₦1,451.19 and ₦1,452.57 in the opening hours.
Parallel Market Trades at a Premium
Findings from Bureau De Change operators revealed the Naira dollar rate traded higher in the parallel market.
The US Dollar exchanged between ₦1,465 and ₦1,475 for cash transactions outside the official window.
Analysts said the Naira dollar rate gap reflects strong demand from individuals and small businesses unable to access official forex supply.
Analysts Share Market Outlook
Currency experts linked official market stability to improved liquidity support and slower corporate demand towards year-end.
However, analysts warned the Naira dollar rate in the parallel market still signals deeper structural and speculative pressures.
Market participants remain alert as policymakers consider reforms aimed at narrowing exchange gaps and easing inflation concerns.
