As of 2nd December 2025, the Nigerian Naira exhibited divergent movements against major currencies in different segments of the foreign exchange market, according to data from the Central Bank of Nigeria (CBN), LEMFI, and REMITLY.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira weakened marginally by 0.21% against the US dollar, closing at ₦1,450.01/$1 on 1st December 2025, compared to ₦1,446.90/$1 on 28th November 2025, representing a depreciation of ₦3.11.
In the parallel/black market, data from NgnRates.com and Abokiforex.app reveal, the naira was quoted for trading during the day at N1,460-N1,465 (Buy) and N1,470-N1,475 (Sell).
In contrast, the International Money Transfer Operators (IMTO) segment remained completely stable against the US dollar, with the naira holding steady at ₦1,470/$1 on both 2nd December and 1st December 2025, showing no change (0.00%).
Against other major currencies in the IMTO segment (sourced from LEMFI and REMITLY):
The naira weakened slightly against the British Pound by 0.05%, moving from ₦1,947/£1 to ₦1,948/£1 (+₦1.00).
The naira strengthened modestly against the Euro by 0.06%, improving from ₦1,705/€1 to ₦1,704/€1 (-₦1.00).
The naira strengthened against the Canadian Dollar by 0.10%, from ₦1,052/C$1 to ₦1,051/C$1 (-₦1.00).
Meanwhile, foreign capital inflows reached $20.98bn in the first ten months of 2025, a 70 per cent increase over total inflows for 2024 and a 428 per cent surge compared with the $3.9bn recorded in 2023.
Gross external reserves rose by 9.19% to $46.70 billion as of November 14, enough to cover 10.3 months of imports, supported by stable external conditions.
