TUE DEC 23 2025-theGBJournal| The Nigerian naira rose on Tuesday against the U.S dollar in a holiday-shortened week, as demand pressure eased on Central Bank of Nigeria (CBN) intervention.
At the official Nigeria Autonomous Foreign Exchange Market Window (NAFEM) the naira appreciated by 0.8% to N1,448.00/US$ after falling to as low as N1,464.50/US$1 by close of official trade on Friday.
In the parallel market, the Naira traded weaker, closing at N1,495.00/US$1. The depreciation was largely on the back of a slowdown in foreign exchange receipts from foreign portfolio investors and demand pressures.
Foreign exchange inflows into NAFEM window contracted significantly to
US$741.00 million (from US$1.46 billion the prior week).
The CBN was the key participant, with the highest contribution to the foreign exchange liquidity during the week at 27.73%, followed by exporters at 24.52%, FPIs accounted for 24.23%, non-bank corporates at 13.78%, Individuals at 7.37%, while others accounted for 2.37%.
Recall that Nigeria’s gross external reserves declined marginally by 0.58% w/w (US$263.15 million) by Friday to close at US$45.21 billion.
The marginal decline in reserves reflect ongoing pressures as the CBN continued to intervene in the FX market to manage excess volatility.
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