The Nigerian Naira has experienced a notable decline in value against the United States Dollar over the past 48 hours, according to recent data from the Central Bank of Nigeria. As of Wednesday, the Naira dropped to 1,455.4983 against the dollar, down from 1,451.8169 on Monday. This represents a depreciation of 3.7 Naira against the dollar within a two-day period.
The Central Bank’s data highlights the Naira’s recent performance in the official foreign exchange market. In contrast, the black market has seen the Naira remain stable at 1,495 per dollar since Monday, as reported by multiple Bureau De Change operators in Abuja.
The country’s external reserves have also recorded a slight decrease, standing at $45.32 billion as of December 15, 2025, compared to $45.47 billion on December 12. This development may have implications for Nigeria’s economy, particularly in terms of foreign exchange stability and monetary policy.
The Naira’s depreciation against the US dollar may be attributed to various factors, including market forces and economic indicators. The Central Bank of Nigeria has been working to maintain stability in the foreign exchange market, and this recent decline may prompt further intervention.
In the context of Nigeria’s economic landscape, the Naira’s performance is closely watched by investors, businesses, and individuals alike. A stable currency is essential for trade, investment, and economic growth. As such, the Central Bank and other stakeholders will likely be monitoring the situation closely to ensure that the Naira’s value remains competitive and stable.
The decline in the Naira’s value may have significant implications for Nigeria’s trade balance, inflation, and overall economic performance. As the country navigates its economic challenges, the foreign exchange market will remain a key area of focus. With the Central Bank’s continued efforts to stabilize the currency, it is essential to monitor the Naira’s performance and its impact on the broader economy.
