TUE DEC 09 2025-theGBJournal| The Naira firmed on Monday by 0.4% to N1,447.00/USD, after the Central Bank of Nigeria (CBN) reported a surge in foreign reserves to $45.04 billion, up from $44.67 billion at November’s end, and a steep rise from $42.03 billion in September.
This is also coming after weeks floppy performances by currency, which culminated in a mild 0.25% w/w to close at N1,450.43/US$1 last week.
The parallel market rate also weakened by 1.67% w/w to settle at N1,495.00/US$1. Consequently, the spread between both markets expanded to N44.57/US$1, from the N23.26/US$1 of the previous week.
Meanwhile, foreign exchange inflows through the Nigerian Foreign Exchange Market (NFEM) increased marginally to US$844.70mn, compared with US$841.10mn in the previous week.
Non-Bank Corporates accounted for the largest share of inflows at 25.52% (US$215.60mn). This was followed by Individuals (18.38%), Exporters (18.15%), CBN (16.79%), Foreign Portfolio Investors (16.48%), while other sources contributed 1.01%.
Reforms have helped steady the Naira within a similar band below the $1,500/US$1 level, supported by stable liquidity conditions and continued CBN interventions.
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