Naira Slides Further Against the Dollar in Both Official and Parallel Markets
Story: written by Uzuh Rita December 9,2025
The Naira opened the week on a weaker note, recording fresh losses against the US dollar across both the official and black-market foreign exchange windows.
Data from the Central Bank of Nigeria (CBN) showed that the local currency fell to ₦1,451.86 per dollar on Monday, compared to ₦1,450.43 at the close of trading last Friday—indicating a drop of ₦1.43 at the official window.
In the parallel market, the decline was even sharper. The Naira slipped by ₦15, trading at ₦1,490 per dollar on Monday, down from ₦1,475 recorded the previous Friday.
The latest depreciation comes despite Nigeria’s external reserves rising to a six-year high of $45.11 billion as of December 5, 2025.
It also coincides with the CBN’s release of a fresh list of 82 fully licensed Bureau De Change (BDC) operators, published on Monday in an effort to strengthen regulatory oversight of the retail forex market.
