Naira to Dollar official & black market rates today, Wednesday, December 31, 2025

The naira closed year trading on a calmer note on the final day of 2025, showing mild improvement against the United States dollar across official and parallel markets.

As the naira closed year activities, reduced demand and improved liquidity helped the local currency avoid the sharp swings recorded earlier in the year.

Official market records mild improvement

At the Nigerian Foreign Exchange Market, the naira opened trading at about ₦1,450.30 to the dollar, improving from the previous close of ₦1,457.42.

During early trading, the naira closed year within a narrow range, touching a high of ₦1,457.42 and a low of ₦1,447.30.

The Central Bank of Nigeria maintained its price discovery policy, with the naira closed year rate settling around ₦1,450.30 at the official window.

Analysts said the naira closed year steadily due to lower corporate demand as many businesses slowed operations for the holidays.

Parallel market gap narrows

In the parallel market, the naira closed year trading between ₦1,460 and ₦1,475 per dollar in Lagos and Abuja.

Although rates remained higher than the official market, traders said the naira closed year with a smaller gap than earlier months.

Market operators noted that speculative pressure reduced significantly, while demand was mainly driven by personal travel needs.

As the naira closed year, economic managers are expected to focus on sustaining liquidity and narrowing market gaps in early 2026.