The Naira held steady against the US Dollar on Friday, December 5, 2025, maintaining stability in both official and parallel markets.
Analysts attributed the calm trend to growing confidence in the currency as the year draws to a close.
Figures from the FMDQ Securities Exchange showed the Naira trading at N1,450.25 per dollar at the official window, signalling minimal intraday volatility.
Experts linked this stability to ongoing Central Bank of Nigeria interventions and greater transparency in foreign exchange operations.
In the parallel market, the Naira exchanged hands between N1,455 and N1,460 per dollar.
Bureau de Change operators in Lagos and Abuja reported moderate demand, noting that speculative pressures have eased in recent weeks.
The reduced spread of less than N15 between official and parallel rates is seen as a sign of improved market efficiency.
Economic fundamentals continue to support the currency. Nigeria’s external reserves stand at $44.56 billion, providing the Central Bank with ample capacity to manage demand pressures.
Meanwhile, headline inflation has eased to 16.05%, its lowest in three years, boosting confidence in the Naira’s value.
Looking ahead, analysts anticipate that remittances and festive-season inflows will help maintain stability.
Market watchers expect the Naira to remain within its current range if economic indicators continue to improve and liquidity is well managed across both formal and parallel trading windows.
