The Naira started the year on a positive note, exchanging at the rate it last traded in 2025, at N1,478/$ at the parallax market.
The nation’s national currency traded at N1,478/$, N2,204.40/GBP. The local currency also exchanged at N1,753.50/EUR, and N1,092.99/CAD, retaining the same rate it exchanged on Wednesday, December 31, 2025.
According to the financial analysts, the stability in Nigeria’s exchange rate at the beginning of the year signals a significant easing of imported inflationary pressures and improved predictability for businesses planning for the new year.
The was primarily driven by a substantial increase in the nation’s foreign reserves to $45.9 billion as of Tuesday, December 30, 2025.
This, alongside the reduction in FX demand for fuel imports due to the expanded capacity of indigenous oil and gas refinery firms in Nigeria, like the Dangote Refinery.
Another major metric is Nigeria’s Q3 2025 excess Balance of Payments of $4.6 billion, which depicts that the ongoing economic reforms of the Federal Government are yielding the estimated outcomes.
For the cryptocurrency rates, the Naira transacted at N4.45 million per Ethereum, N133.54 million per Bitcoin, and N190,063.12 per Solana. The domestic currency also traded at N1,471.50 against USDT and N1,474 per USDC.
The CBN Nigerian Foreign Exchange Market (NFEM) FX Windows, Naira closed yesterday at N1,435.76 against the US Dollars, N1,687.87 per Euro, and N1,934.25 per Pound Sterling. Today’s rate won’t be updated due to the New Year’s public holiday.
