Naira to Dollar official & black market rates today, Friday, December 5
The Naira exchange rate against the US Dollar held firm on Friday, December 5, 2025, as the currency maintained a stable position in both the official and parallel markets.
Market analysts said the trend reflects improved confidence as the year approaches its end.
The latest figures from the FMDQ Securities Exchange show the Naira trading at N1,450.25 per dollar at the official window.
This indicates continued stability after a week where rates stayed within the N1,448 to N1,450 range.
Official Market Performance
Trading opened with steady liquidity, and intraday movements showed little volatility. Analysts linked this stability to ongoing Central Bank of Nigeria interventions and improved transparency in the Nigerian Foreign Exchange Market.
The closing rate of N1,450.25 signalled a balanced response to market forces without the sharp swings previously experienced.
Parallel Market Update
In the parallel market, the Naira exchanged between N1,455 and N1,460 per dollar. Bureau de Change operators in Lagos and Abuja confirmed moderate demand, noting that speculative pressure has reduced in recent weeks.
The spread between both markets has now fallen to less than N15, a development considered by traders as a sign of increased efficiency and declining arbitrage.
Economic Context
Stronger economic fundamentals continue to support the Naira’s stability. Nigeria’s external reserves now stand at $44.56 billion, giving the CBN enough support to manage demand pressures.
Recent data from the National Bureau of Statistics shows headline inflation easing to 16.05%, the lowest in three years. Analysts say this decline has improved confidence in the currency’s value.
As the holiday season approaches, experts expect increased remittances to help keep the exchange rate within its current steady range.
