Nigeria’s currency opened the week with mixed movements across the official and parallel markets, reflecting ongoing pressure on foreign exchange demand as the year winds down.
Traders reported steady interest from importers ahead of December shipments, while bureaux de change operators noted slight fluctuations in street transactions.
At the official window, the naira traded at ₦1,446.9 per dollar , according to data published on Saturday. The rate has remained within a narrow band for days, supported by improved liquidity and the Central Bank’s efforts to stabilise the market.
Below is the updated rate table for today:
In the black market, traders in Lagos and Abuja offered the dollar between ₦1,465 and ₦1,470 , reflecting slight depreciation driven by rising holiday-season demand. Operators said the pressure may continue unless fresh supply enters the system.
Analysts expect the naira to trade within this range in the coming days, noting that inflows from remittances and export proceeds could help ease the pressure. However, persistent demand from manufacturers and travellers continues to shape market dynamics.
The Central Bank is expected to maintain its tight policy stance as part of efforts to stabilise prices and guide the currency towards a more predictable path.
