CBN Policies Keep Naira Steady Against Dollar

The Nigerian naira remained stable on Thursday, trading at around ₦1,440 to the US dollar on the official Daily Nigerian Foreign Exchange Market (NFEM).

Meanwhile, the parallel market quoted the dollar between ₦1,450 and ₦1,469, reflecting a slight premium of about 2% over the official rate.

Data from NFEM indicated an official volume-weighted average price (VWAP) of ₦1,439.90 per dollar, while black market dealers sold dollars for approximately ₦1,460–₦1,469 and bought at around ₦1,450.

The sustained stability comes on the back of recent interventions by the Central Bank of Nigeria (CBN), which improved interbank flows and reduced volatility in the foreign exchange market.

Analysts say the smaller gap between official and parallel market rates is beneficial for importers, small businesses, and remittance users, while also boosting investor confidence in Nigeria’s currency market.

The naira appears to be recovering after months of volatility earlier in 2025, with November trading hovering around the mid-₦1,400 levels, supported by improved forex inflows and cautious CBN policy measures.