The Naira held steady on Wednesday, 10 December 2025, as trading across the official and parallel markets remained calm following the Central Bank’s recent overhaul of the Bureau de Change sector.
At the official window, the currency traded around ₦1,452.16 to the Dollar, slightly weaker than the opening figure of ₦1,451.30.
Market data also showed that the currency has stayed within a tight band all week, with recent sessions recording highs near ₦1,457.00 and lows around ₦1,450.25.
Activity in the black market moved within ₦1,460 to ₦1,478, depending on location and transaction size.
Traders noted that the difference between both markets has now dropped to under ₦30, a shift many attribute to the Central Bank’s stronger clampdown on speculation and unlicensed arbitrage.
Monday’s official closing rate of ₦1,454.00 added to signs of improved stability.
The steady movement follows the CBN’s “market reset”, which granted approval to only 82 Bureau de Change operators while revoking more than 4,000 licences.
The new two-tier structure requires firms to hold between ₦500 million and ₦2 billion in capital, a move aimed at clearing out weak operators.
Analysts say the Naira has not seen major gains, but the reduced volatility is helping importers plan ahead as the year draws to a close.
