Nigeria’s foreign exchange market recorded mixed movements on Wednesday, December 17, 2025, as the Naira continued to face pressure from rising year-end dollar demand.
At the Nigerian Foreign Exchange Market, the local currency weakened slightly, with the Dollar trading around ₦1,453.67 on average.
Early trading showed mild volatility, as the rate briefly touched ₦1,454.97 before stabilising.
Market analysts attributed the movement to increased demand from companies settling import obligations and businesses meeting end-of-year commitments.
Despite the depreciation, the gap between official and unofficial markets remained relatively narrow.
In the parallel market, the Dollar exchanged at higher levels, with traders in major cities quoting buying rates near ₦1,475 and selling around ₦1,485.
Although the spread has not widened significantly, it continues to affect small importers and travellers.
The Central Bank of Nigeria has maintained liquidity support to limit sharper declines, even as global oil price fluctuations place pressure on external reserves.
