Dollar to Naira Exchange Rate Today: Official CBN Rate, Parallel Market Price and Forex Update for December 12, 2025

The Nigerian Naira recorded a mixed performance against the US Dollar on Friday, December 12, 2025, as movements across the official and parallel markets showed varying levels of stability and pressure. While the official Nigerian Foreign Exchange Market (NFEM) maintained a narrow trading band, the parallel market experienced a slight appreciation that reduced the overall exchange rate gap.

In the official market, which includes the Investors’ and Exporters’ Window, the benchmark rate showed a mild shift compared to the previous day’s figures.

Official Market Exchange Rate

NFEM Closing Rate: ₦1,449.38 per US Dollar
Highest Intraday Rate: Approximately ₦1,452.50
Lowest Intraday Rate: Around ₦1,449.38

The stable trading band reflects ongoing intervention measures by the Central Bank of Nigeria aimed at improving liquidity and maintaining a predictable environment for importers and regulated businesses.

Parallel Market Exchange Rate

The Naira gained slightly in the parallel market, reversing the recent downturn and offering marginal relief to individuals relying on cash transactions and informal transfers.

Buying Rate: ₦1,475.00 per US Dollar
Selling Rate: ₦1,485.00 per US Dollar

The spread of ₦1,475 to ₦1,485 places the premium at roughly ₦25.62 to ₦35.62 above the official NFEM closing rate. While the gap remains wide, the slight adjustment marks an improvement from the earlier rate of about ₦1,490 recorded during the week.

Market Drivers and Economic Indicators

Several factors contributed to exchange rate movements today:

1. Crude Oil Prices
   Global oil prices have maintained a stable outlook, strengthening Nigeria’s external reserves and supporting the Central Bank’s ability to sustain forex supply in the official market.
2. Diaspora Remittances
   The festive season typically triggers an increase in foreign currency inflows, especially from Nigerians abroad. These inflows help boost Naira liquidity, particularly in the parallel market.
3. Monetary Policy Expectations
   Traders continue to monitor the Central Bank’s policy direction. Analysts expect further interest rate adjustments as the CBN works to control inflation and attract foreign investment into Nigeria’s financial markets.

Market Outlook

The continuing gap between the official and parallel market rates remains a challenge for the economy, though the recent improvement in the parallel market suggests possible short-term relief. Analysts anticipate that stronger reserves, improved oil output, and seasonal remittances may support additional Naira stability in the coming weeks.