Fresh Trade As Dollar To Naira Exchange Rate Today, December 1, 2025 Emerges

On December 1, 2025, the dollar appreciated against the naira as year-end demand for foreign currency influenced parallel-market rates, while the official Nigerian Foreign Exchange Market (NFEM) remained relatively stable.

On the NFEM, which reflects the Central Bank of Nigeria’s (CBN) volume-weighted average price, the naira was trading between ₦1,440 and ₦1,446 per dollar, according to data from market aggregators and the CBN’s NFEM table.

In the parallel market, bureaux-de-change operators in major cities like Lagos, Abuja, and Port Harcourt quoted the dollar at approximately ₦1,455 for buying and ₦1,465 for selling. This marks a slight increase from the previous week, driven by heightened demand from importers and travelers during the holiday season.

Analysts attribute the mixed market dynamics to two primary factors: limited liquidity in the official foreign exchange market, which forces some transactions to be conducted through the parallel market, and the CBN’s stable policy framework following recent monetary adjustments aimed at reducing inflation.

The central bank has indicated a cautious approach towards rate cuts, which is believed to support a tighter official trading range, even as informal rates fluctuate in response to seasonal demand.

For importers and businesses with foreign currency obligations, sourcing dollars from the parallel market may result in increased costs.

Conversely, remittance receivers and small traders could benefit from the more stable official exchange rate if they are able to access it. Market analysts suggest that the near-term outlook for the naira will depend on CBN interventions in official markets, oil revenue, and remittance flows throughout December.