On December 2, 2025, the exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) remained stable across both official and parallel markets.
Current data from the Nigerian Foreign Exchange Market (NFEM) indicates that the Naira is trading near the N1,448 per dollar mark, closely aligned with parallel market rates.
The Naira opened trading at approximately N1,447.96 per dollar on Tuesday, showing a slight adjustment from previous sessions. Recent market data reveals that the currency has managed relative stability over the past week.
For instance, on November 28, the NFEM closing rate was recorded at N1,446.90, with a daily high of N1,449.75 and a low of N1,445.00.
On December 1, the rate was around N1,446.59, reflecting sustainable liquidity and lower volatility within the official market.
In the parallel market, the Naira is trading at slightly higher rates, though it remains closely aligned with the official market.
Surveys conducted in major cities such as Lagos and Abuja indicate that the dollar is currently being exchanged at rates between N1,465 and N1,470.
Digital exchange platforms and international transfer services, including Wise and Access Bank’s global rate indicators, validate this, showing fluctuations between N1,465.33 and N1,469.00 as of Tuesday morning. This results in a spread of approximately N18 to N22 between the official and parallel market rates, indicating a trend toward convergence.
As we approach the end of 2025, the foreign exchange market exhibits resilience. Data from the Central Bank of Nigeria (CBN) reveals that during late November, the official exchange rate largely remained within the N1,440 to N1,458 band.
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