Naira to Dollar official & black market rates today, Wednesday, December 10, 2025
The Naira Dollar rate stability continued on Wednesday, December 10, 2025, as Nigeria’s foreign exchange market responded to the Central Bank’s sweeping reforms.
Trading stayed calm in both the official and parallel markets, reflecting the impact of the recent overhaul of the Bureau de Change segment.
Official Market Shows Steady Movement
Data from the Nigerian Foreign Exchange Market revealed the Naira trading at about ₦1,452.16 to the Dollar today.
The day opened at roughly ₦1,451.30, marking a slight intraday loss of less than 0.1 per cent.
The official window remained within a narrow range throughout the week.
The Central Bank earlier recorded a Monday closing rate of ₦1,454.00.
Recent sessions produced a high of about ₦1,457.00 and a low of roughly ₦1,450.25.
The figures show better liquidity and fewer shocks when compared with earlier quarters.
Parallel Market Nears Full Convergence
The Naira exchanged between ₦1,460 and ₦1,478 in the parallel market.
The rate depended on location and transaction size.
Market observers noted that the gap between both markets has dropped to less than ₦30.
They linked this to strong actions by the Central Bank to curb speculation and illegal arbitrage.
Reforms Strengthen Market Confidence
The current stability followed the Central Bank’s “market reset” of Bureau de Change operators.
Only 82 operators received final approval under the updated rules.
More than 4,000 licences were revoked or judged non-compliant.
The new framework introduced two tiers.
Tier 1 operators must hold ₦2 billion capital, while Tier 2 operators need ₦500 million.
The aim is to strengthen the sector and remove the weak operators who previously influenced sharp rate swings.
Analysts say the Naira has not recorded major gains this month.
But they add that reduced volatility is helpful for importers and firms planning for 2026.
Outlook for the Week
Traders expect the currency to move between ₦1,450 and ₦1,480 for the rest of the week.
They continue to study the full impact of the BDC consolidation.
Global oil prices and external reserves remain key indicators that may shape Nigeria’s currency outlook as the year ends.
