Naira to Dollar official & black market rates today, Tuesday, December 30, 2025

The naira to dollar rate remained largely stable on Tuesday, December 30, 2025, as cautious trading continued across Nigeria’s foreign exchange markets.

The naira to dollar rate showed limited movement as the year drew to a close, with traders closely observing both official and parallel market activities.

Official market records mild improvement

At the Nigerian Foreign Exchange Market, the naira to dollar rate opened slightly stronger during early trading.

Market data showed the local currency exchanging at about N1,448.03 per dollar.

This was an improvement from the previous opening level of N1,455.39, signalling short-term stability in the official window.

Analysts said the naira to dollar rate benefited from reduced corporate demand, which typically declines at year end.

They also pointed to sustained support measures by the Central Bank of Nigeria.

Parallel market trades at wider margin

In the parallel market, the naira to dollar rate continued to trade higher than official levels.

Currency dealers in Lagos and Abuja quoted rates between N1,720 and N1,735 per dollar.

The gap between both markets remains a concern for economic managers.

However, traders noted that extreme volatility seen earlier in the year has eased.

This has improved predictability in the naira to dollar rate for retail users.

Factors shaping exchange movements

Several factors are influencing the current naira to dollar rate trend.

Seasonal slowdown in imports has reduced pressure on foreign exchange demand.

Nigeria’s external reserves have also helped stabilise market sentiment.

Steady global oil prices continue to support foreign currency inflows.

Market watchers expect the naira to dollar rate to remain within the current range unless unexpected economic developments emerge.