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Naira trades at ₦1,475 per dollar on official market amid cautious late-2025 stability.
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CBN raises reserves above $43bn to sustain FX interventions, tighten BDC supervision.
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Parallel market rate closes at ₦1,484/$ as dollar demand outpaces supply pressures.
The Nigerian naira maintained relative stability across foreign exchange markets last week, holding at ₦1,475 per dollar at the official Nigerian Autonomous Foreign Exchange Market (NAFEM), even as dollar demand continued to outweigh supply.
According to market data reviewed by Nairametrics, the naira dipped slightly by 1.37% week-on-week at the official window and 0.61% at the parallel market, where it closed around ₦1,484 per dollar.
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The Central Bank of Nigeria (CBN) has reportedly intensified its interventions in the FX market, supported by stronger oil earnings and a sustained trade surplus. These developments, analysts say, have helped contain volatility and stabilise investor confidence.
“Improved oil inflows and non-oil earnings have enhanced external sector fundamentals, reinforcing CBN’s forex management capacity,” a market analyst noted.
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CBN officials disclosed that Nigeria’s foreign reserves have now surpassed $43 billion, allowing the apex bank to maintain liquidity buffers and curb the widening gap between official and parallel market rates.
The bank’s recent measures include crackdowns on illegal Bureau de Change (BDC) operators and unified exchange rate reforms at the Investors and Exporters (I&E) window policies that have attracted fresh capital inflows since mid-2024.
Meanwhile, the U.S. Dollar Index (DXY) slipped to 98.4 amid global financial uncertainty driven by the prolonged U.S. government shutdown and expectations of another Federal Reserve interest rate cut before year-end.
