The naira has recorded a slight depreciation against the United States dollar at the official foreign exchange market ahead of the new year. Data from the Central Bank of Nigeria showed that the naira weakened to ₦1,445.68 per dollar, compared to ₦1,442.51 recorded the previous day.

This means the local currency lost about ₦3.17 against the dollar within 24 hours. The development marks a return to mild pressure on the naira after several days of relative stability at the official trading window.

However, at the parallel (black) market, the naira remained unchanged at ₦1,475 per dollar, showing a stable rate despite movements in the official market. Analysts say this reflects mixed sentiment among traders and investors.

The slight depreciation comes even as Nigeria’s external reserves continue to rise, reaching about $45.45 billion as of December 29, 2025. Experts believe stronger reserves could help support the naira in the long term if managed effectively.