On the last day of 2025, the naira ended the year on a more stable note, showing slight improvement against the US dollar in both official and parallel markets.
As the year concluded, decreased demand and better liquidity helped the local currency avoid the drastic fluctuations seen earlier in the year.
In the Nigerian Foreign Exchange Market, the naira began trading at approximately ₦1,450.30 to the dollar, an improvement from the previous closing rate of ₦1,457.42.
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During early trading, the naira fluctuated within a narrow range, reaching a high of ₦1,457.42 and a low of ₦1,447.30.
The Central Bank of Nigeria upheld its price discovery policy, with the year-end rate for the naira settling around ₦1,450.30 at the official exchange window.
In the parallel market, the naira was traded between ₦1,460 and ₦1,475 per dollar in Lagos and Abuja.
While these rates were still higher than those in the official market, traders noted that the gap had narrowed compared to earlier months.
Market participants observed a significant reduction in speculative pressure, with demand primarily driven by personal travel needs.
As the year closed, economic managers are expected to prioritize maintaining liquidity and further reducing market disparities in early 2026.
