Naira maintained a calm outlook across Nigeria’s foreign exchange market on Thursday, December 11, with both the official and parallel markets recording steady rates.
Data from the FMDQ Securities Exchange showed the currency trading at ₦1,451.86 per dollar, continuing its stable trend between ₦1,450–₦1,452 since the start of the week.
The black market also reflected similar stability, with traders selling the dollar at ₦1,490 and buying at ₦1,475.
The reduced gap of about ₦35–₦40 between both windows signals fewer arbitrage opportunities and improved market balance following recent CBN reforms.
Analysts link the calm trading environment to stronger dollar supply, increased foreign inflows, and healthier external reserves now at around $45.3 billion.
With December demand rising, experts say steady liquidity is helping the Naira sustain one of its most stable weeks in recent months.
