Suggestions




·

Naira Depreciates Against Dollar To N1,478/$ In Parallel Market

December 9, 2025
by
Naira Ends Week With Marginal Gain Against Dollar
Naira dollar

The foreign exchange (FX) rate for the United States dollar (USD) closed at N1,454/$ in the Nigerian foreign exchange market (NFEM), also known as the official window, on Tuesday, December 9, 2025.

According to the data on NFEM provided by the Central Bank of Nigeria (CBN), the N1,454/$ is the same rate recorded on Monday, December 8.

Join our WhatsApp Channel

Also, the data showed that the foreign exchange rate for the American greenback traded as high as N1,456.5 kobo per dollar and as low as N1,450.25 kobo per USD.

In addition, the pound traded flat against the naira at N1,934.08/£1 in the official window, a similar rate reported during trading the previous day.

Likewise, the foreign exchange rate for the euro was stable at N1,690.54 kobo/€1 in the official window.

However, in the parallel market, the USD traded upward to N1,478.01 per dollar, above the N1,475/$ reported during trading the day before.

This indicates the naira depreciated by 0.20 percent, while the foreign exchange rate increased by N3.01.

For the pound, the exchange rate was N2,204.4 per £1, the same rate reported the previous day, and the euro traded at N1,853.7 per €1, which is also similar to the rate recorded on Monday.

The naira’s stability in the parallel market comes at a period when the CBN is reforming the black market by directing bureau de change (BDC) operators to reapply for a new licence.

The CBN said 82 BDCs have been licenced so far, compared to the 6,000 BDC centres Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria (ABCON), said existed in Nigeria in September 2023.

However, seven months later, the CBN revoked the licences of 4,173 BDC operators, accusing them of not observing regulatory provisions.

For press releases, tip-offs, and corporate information, call 08149575257 (hotline), email: editor@primebusiness.africa and publisher@primebusiness.africa

+ posts

Prime Business Africa

Leave a Reply

Your email address will not be published.

Related Posts

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares
Previous Story

Transcorp Hotels, Ikeja Hotels Among Losers As NGX Market Cap Sheds N310bn 

Kenya Sends Additional Police Contingent to Haiti Amid Rising Gang Violence
Next Story

Kenya Sends Additional Police Contingent to Haiti Amid Rising Gang Violence

Featured Stories

Related Posts

Latest from Business

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares
Previous Story

Transcorp Hotels, Ikeja Hotels Among Losers As NGX Market Cap Sheds N310bn 

Kenya Sends Additional Police Contingent to Haiti Amid Rising Gang Violence
Next Story

Kenya Sends Additional Police Contingent to Haiti Amid Rising Gang Violence

Don't Miss

UNMISS supported gardening program improves the health of inmates at Torit prison

UNMISS-supported gardening program improves the health of inmates at Torit prison

JUBA, South Sudan, 29 August 2024 -/African Media Agency (AMA)/
delta variant drives africa covid threat to whole new level who warns dominant in europe by august

Delta variant drives Africa COVID threat to ‘whole new level´: WHO warns; ‘dominant’ in Europe by August

With cases now doubling in Africa every three weeks, the