The naira traded largely stable against the US dollar on Tuesday, December 30, 2025, as activity remained subdued across Nigeria’s foreign exchange markets ahead of year-end.
At the official Nigerian Foreign Exchange Market, the local currency recorded a mild gain, opening at around ₦1,448.03 to the dollar.
This marked an improvement from the previous session’s opening rate of ₦1,455.39, reflecting short-term stability at the official window.
Analysts attributed the marginal strengthening to reduced corporate demand for foreign exchange, which typically eases toward the end of the year, alongside ongoing support from the Central Bank of Nigeria.
In contrast, the parallel market continued to trade at significantly higher levels. Dealers in major cities such as Lagos and Abuja quoted rates between ₦1,720 and ₦1,735 per dollar, maintaining a wide gap with the official market.
Despite the disparity, traders noted that volatility has moderated compared with earlier in the year.
Seasonal import slowdown, steady external reserves and relatively stable global oil prices have helped support market sentiment.
