Pound to Naira exchange rate today, December 15, 2025
The exchange rate between the Nigerian Naira (NGN) and the British Pound Sterling (GBP) exhibited a varied performance on Monday, December 15, 2025, across both Nigeria’s official and parallel foreign exchange markets.
Nigerian Foreign Exchange Market (NFEM) Data
In the official Nigerian Foreign Exchange Market (NFEM), the Pound Sterling was traded at an average rate of ₦1,936.86 per Pound at the conclusion of early trading hours. This rate represents the current value for investors and exporters engaging with the formal market.
Market data revealed a slight decline in the value of the Naira against the Pound during early trading when compared to the closing figures from the previous trading day. Market participants are actively observing the NFEM for signs of increased liquidity and any potential intervention by the Central Bank of Nigeria (CBN).
Parallel Market Rate
Concurrently, the parallel market, often referred to as the black market, reported a higher exchange rate for the Pound Sterling. Dealers were noted to purchase the Pound at a range of approximately ₦1,940 to ₦1,950 and sell it at an average of ₦1,970 per Pound in major urban centers such as Lagos and Abuja.
The considerable disparity between the official NFEM rate and the parallel market rate continues to exist, underscoring ongoing pressure from foreign exchange demand that is not being adequately satisfied through formal channels. The elevated parallel market rate frequently serves as a significant factor affecting the pricing of imported goods and services within the country.
Market Context
The exchange rates observed today are occurring amidst a backdrop of global economic uncertainty and adjustments in domestic monetary policy. Analysts propose that the fluctuations are influenced by various factors, including the volatility of crude oil prices, the nation’s foreign reserve levels, and the ongoing initiatives by the CBN to stabilize the Naira and consolidate the multiple exchange windows.
