NIGERIA, Dec. 10 -- The naira has continued to experience downward pressure for seven straight trading days, with currency dealers attributing the trend to increased festive-season import demand.

Market participants explained that many businesses began settling their foreign exchange commitments ahead of the year-end rush, creating a consistent strain on available liquidity.



Fresh figures released by the Central Bank of Nigeria show that the naira slipped slightly by about N5 or 0.4 percent after the dollar closed at N1,454.38 on Tuesday, compared with N1,448.43 recorded on December 1, 2025. On a day-to-day basis, the currency eased by N2.52, closing at N1,454.38 on Tuesday against N1,451.86 on Monday.



The News Chronicle understa...