Naira to Dollar official & black market rates today, Tuesday, December 9, 2025
The Nigerian Naira Dollar rates remain steady across markets as trading opened today, Tuesday, 9 December 2025.
Recent policy changes and improved foreign exchange supply continue to support this calm movement in both the official and parallel markets.
Analysts say the Naira’s performance reflects stronger inflows and a softer US Dollar following the US Federal Reserve’s late-2025 policy shift.
Official Market Movement
In the Nigerian Foreign Exchange Market, the Naira trades at an average of ₦1,450.92 per dollar, based on figures from FMDQ and major platforms.
The currency has stayed between ₦1,450 and ₦1,460 for weeks, showing rare consistency after months of volatility.
Experts link this stability to improved external reserves and the global impact of the Fed’s dovish stance, which has weakened the dollar and strengthened emerging market currencies.
Parallel Market Updates
In the parallel market, the Naira also shows signs of moderation. Dealers in major cities such as Lagos and Abuja sell the dollar at ₦1,490 and buy at ₦1,475.
Data from street trading trackers shows that the gap between official and parallel markets has narrowed to about ₦40, far lower than in previous years.
Economists say this shrinking margin signals a more efficient market with fewer arbitrage opportunities.
Market Outlook
Financial analysts believe the Central Bank of Nigeria’s reforms and stronger reserves will continue to support the Naira.
With expectations of more US Fed rate cuts this December, investor confidence in Nigerian assets remains firm, helping keep exchange rate volatility under control as the year ends.
