The Naira opened the new trading week on a relatively stable note, showing minor fluctuations across official and parallel foreign exchange markets on Tuesday, December 16, 2025.
Data from the Nigerian Foreign Exchange Market indicated that the Naira closed early trading at ₦1,452.27 per US Dollar, with the rate ranging between ₦1,451.19 and ₦1,452.57 during the opening hours.
Analysts attribute this stability to ongoing interventions by the Central Bank of Nigeria and seasonal forex demand.
In the parallel market, however, the US Dollar traded at a premium, exchanging between ₦1,465 and ₦1,475 for cash transactions.
This gap reflects strong demand from individuals and small businesses unable to access official forex supplies.
While the official market remains stable thanks to improved liquidity and slower corporate demand, analysts warn that parallel market rates indicate underlying structural pressures.
Policymakers are reportedly considering reforms to narrow exchange gaps and address inflationary concerns.
