Table of Contents
- Naira Gains Against the Dollar
- Official Exchange Rate Data
- Black Market Rate
- External Reserves Update
The Naira has significantly appreciated against the United States dollar over the past three days as trading concluded for the Christmas holidays.
Data from the Central Bank of Nigeria indicated that the Naira further strengthened on Wednesday, reaching N1,443.37 per dollar, an improvement from N1,449.99 on Tuesday.
This reflects a notable gain of N13.18 for the Naira against the dollar since Monday this week, according to information from the apex bank.
In the black market, the Naira was traded at N1,490 per dollar on Wednesday, showing an increase from the N1,500 rate on Monday, although it remained the same as Tuesday's rate.
This upward trend coincides with an increase in the country’s external reserves, which reached $45.24 billion as of December 23rd, 2025.
DAILY POST reports that this was the situation in the official market on Monday and Tuesday.
Frequently Asked Questions
What is the current exchange rate of the Naira against the dollar?
As of Wednesday, the exchange rate is N1,443.37 per dollar in the official market.
How has the Naira performed in the black market?
In the black market, the Naira traded at N1,490 per dollar on Wednesday.
What impact does the increase in external reserves have on the Naira?
An increase in external reserves, which reached $45.24 billion, can strengthen the Naira by improving market confidence.
Eze Chidiebere Paul
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