The exchange rate between the United States Dollar and the Nigerian Naira remained steady across the official and parallel markets on Tuesday, December 2, 2025.

Fresh data showed the Naira trading close to N1,448 per dollar at the official window, keeping the gap with the black market narrow.

Market watchers noted that this steady movement followed a full week of low volatility, with both markets showing similar trading patterns.

Official Market Shows Steady Movement

Figures from the FMDQ Securities Exchange and the Central Bank of Nigeria revealed that the Naira opened at N1,447.96 per dollar on Tuesday.

This marked only a slight shift from earlier sessions and signalled sustained stability in the Nigerian Foreign Exchange Market.

Last Friday, November 28, the currency closed at N1,446.90, with intraday movement between N1,445.00 and N1,449.75.

Trading on Monday, December 1, also showed calm activity as the Naira hovered around N1,446.59 in the official window.

Parallel Market Maintains Tight Range

Rates in the parallel market remained slightly higher yet stayed within a narrow range when compared with the official window.

Surveys in Lagos and Abuja placed the dollar between N1,465 and N1,470 on Tuesday morning.

Digital exchange platforms also posted similar figures, with rates moving between N1,465.33 and N1,469.00.

This left the spread between both markets at about N18 to N22, showing a continued move towards alignment.

Outlook Favouring Stability

The wider foreign exchange market continued to display resilience as 2025 wound down.

CBN records showed that in late November the Naira traded between N1,440 and N1,458, a sign of continued stability.

Analysts linked this steady trend to improved liquidity management and the central bank’s efforts to reduce volatility.

Market players expect the current range to hold if liquidity stays strong and policy confidence remains high.