Suggestions




·

Gap Between Official Window, Parallel Market Dollar Rates Widens To N23

December 1, 2025
by
CBN Insists On June 3 Recapitalisation Deadline For BDCs

In the official window on Monday, December 1, the foreign exchange rate for the dollar increased by N3.1 kobo after the naira depreciated by 0.21 percent at the close of trading.

According to data obtained from the Central Bank of Nigeria (CBN), the dollar exchanged at N1,450/$ on the Nigerian foreign exchange market (NFEM), compared to the N1,446.9/$ reported on Friday, November 28.

Join our WhatsApp Channel

The data on NFEM, also known as the official window, showed that traders exchanged the United States currency (USD) for as high as N1,452 per dollar and as low as N1,445/$ before the American greenback closed at N1,450 per dollar.

In the parallel market, Naira Rates revealed that the naira depreciated against the dollar during trading, as the US currency traded for N1,473/$, surpassing the foreign exchange rate (N1,467.9/$) reported on Friday.

This indicates the foreign exchange rate increased by N5.1 kobo as the naira depreciated by 0.34 percent in the black market.

In addition, the gap between the official window and the parallel market widened on Monday, from N21 recorded on Friday to N23.

Also, there were no changes recorded in the foreign exchange rate for the British pound, as traders exchanged it for N2,204.4 kobo/£1 during trading in the parallel market, similar to Friday’s rate.

In the same vein, the black market traders were willing to accept N1,853.7 kobo per euro during trading on Monday, which is the same rate reported on Friday.

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Your email address will not be published.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

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn
Previous Story

NGX Market Cap Sheds N197.31bn As International Breweries, Cornerstone Record Losses

Amnesty International Tasks Nigerian Govt on Safe Return Of Chibok Girls
Next Story

Amnesty International Condemns Escalating Violence, Urges Tinubu Government to Act

Featured Stories

Related Posts

Latest from Business

Dangote Cement

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue to 4.31 trillion naira ($2.7 billion) for the year ending Dec. 31, 2025, driven by higher prices in key markets, the company said in a filing to the Nigerian Exchange Limited. The
Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators - Keyamo  

US-Iran Strikes Disrupt Nigeria–Middle East Flight Routes

Flights between Nigeria and several Middle East destinations were disrupted on Saturday after multiple countries shut their airspace following United States and Israeli strikes on Iran, airport authorities said. The Federal Airports Authority of Nigeria (FAAN) said the closures were already affecting
Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn
Previous Story

NGX Market Cap Sheds N197.31bn As International Breweries, Cornerstone Record Losses

Amnesty International Tasks Nigerian Govt on Safe Return Of Chibok Girls
Next Story

Amnesty International Condemns Escalating Violence, Urges Tinubu Government to Act

Don't Miss

President Muhammadu Buhari

Nigeria’s Relations With Spain, Qatar Mutually Beneficial, Says Buhari

Nigeria values ties with her long time allies, and will

African Leaders Call For Swift Implementation Of SDGs To Boost Jobs, Inclusive Growth

African leaders have called for immediate action to implement the