The naira began the new week on a weaker note, shedding ₦3.01 at the parallel market to trade at ₦1,471/$, according to data obtained from Naira Rates.
The local currency had closed at ₦1,467.99/$ on Sunday, December 28, 2025.
The slight depreciation is largely linked to increased demand for foreign exchange as businesses and individuals round off end-of-year activities.
Market operators also point to speculation, with traders positioning for possible volatility ahead of new-year fiscal operations.
Other foreign currencies closed flat against the naira. The pound sterling traded at ₦2,204.40/GBP, the euro at ₦1,753.50/EUR, while the Canadian dollar closed at ₦1,092.99/CAD.
In the cryptocurrency market, the naira exchanged at ₦4.48 million per Ethereum, ₦133.67 million per Bitcoin, and ₦189,484.77 per Solana. It traded at ₦1,468.75 per USDT, while USDC exchanged at ₦1,465.25.
The Central Bank of Nigeria’s Daily Foreign Exchange Market (NFEM) last recorded trades on Wednesday, December 24, 2025, due to the Yuletide public holidays.
Rates closed at ₦1,451/$, ₦1,700.72/EUR, and ₦1,949.57/GBP. As of the time of filing this report, today’s official rates had yet to be updated.
For international card transactions, GTBank’s naira card rate closed at ₦1,457/$, while Standard Chartered Bank quoted ₦1,464/$, ₦1,982/GBP, ₦1,728/EUR, and ₦1,074/CAD.
