Naira Holds Firm: Dollar Trades at ₦1,450 Officially, ₦1,460 – ₦1,490 on Black Market (Dec 5, 2025)
The Nigerian Naira showed surprising resilience on Friday, December 5, 2025, maintaining a tight trading band against the U.S. dollar across official and parallel markets.
According to data from the FMDQ Securities Exchange — which oversees the official foreign-exchange window — the official rate closed at ₦1,450.25 per USD. This is in line with the trend from earlier in the week, when rates hovered around ₦1,448 to ₦1,450.
Meanwhile, in Nigeria’s black market, the dollar changed hands at between ₦1,455 and ₦1,460, according to reports from bureau-de-change operators in key cities such as Lagos and Abuja.
Some smaller-scale market trackers, however, quoted slightly different figures — with selling rates up to ₦1,490 per USD in cities such as Lagos and Port-Harcourt.
Economists and forex watchers point to sustained liquidity, consistent remittance inflows, and moderate demand as factors underpinning the stability.
With business and consumer demand for foreign currency rising ahead of the year-end holiday season, the relatively calm exchange rate environment offers some relief for importers, travellers, and typical Nigerians.
Nevertheless, the gap between official and parallel rates underscores continuing structural issues — many individuals and businesses still rely on the black market to access dollars, where fluctuations remain a concern.
As December progresses, forex watchers will be closely watching remittance flows, import demand, and any fresh moves from the Central Bank of Nigeria (CBN) that might influence stability.
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