DAILY NIGERIAN FOREIGN EXCHANGE MARKET (NFEM) RATES (₦/US$)
Moving Average = 1,451.9423 (NFEM)
Previous Average = 1,446.1242
Change = -0.4023%
Forex Analysis
Our forex moving average fell marginally by about roughly 0.4%. It was a week marked by relatively low volatility and cautious trading, the limited speculative activity possibly being due to regulatory oversight. The Central Bank maintained tight supply in the official window, thus limiting volatility.
Market veterans have noted that this year’s early December FX demand has relatively been muted when compared to past years. The spread between the official and parallel rates narrowed to about 15-20 naira per dollar. You will recall that it was 20-25 naira per dollar last week.
Daily Crude Oil Prices
Moving Average = $62.75
Previous Average = $63.00
Change = -0.3968%
Crude Oil Analysis
This week saw our moving average fall by the exact same out it rose a week ago thus leaving our moving average in the same spot it was two weeks ago.
This week saw traders concerned about oversupply particularly with OPEC+ output discipline being questioned and non‑OPEC production (like U.S. shale) staying resilient. Softer U.S. spending data also hinted at weaker consumption. This week’s fall was also partly brought on by profit-taking on the part of traders, as some locked in gains after prices rose $63.75 on Dec 5th. On the geopolitical front, there were no fresh escalations strong enough to push prices higher.
NGX Top 10 Gainers for the week closing 12th Dec 2025
NGX Top 10 Losers for the week closing 12th Dec 2025
Stock Market Index Activity for the week closing 12th Dec 2025
Stock Market Index Analysis
Forty-nine (49) equities appreciated in price during the week, lower than fifty-five (55) equities in the previous week. Forty-one (41) equities depreciated in price, higher than twenty-nine (29) equities in the previous week, while fifty-seven (57) equities remained unchanged, lower than sixty-three (63) recorded in the previous week.
This week’s trading showed weaker bullish sentiment compared to the prior week: fewer gainers, more losers, and fewer unchanged stocks. Market breadth tilted slightly negative, suggesting cautious trading.
The week’s activity reflected some profit-taking, as investors booked gains especially in oil & gas and financial stocks. There was also some sector rotation as funds shifted into consumer goods and telecoms, while cyclical sectors (energy, hospitality) saw outflows.
The balance of gainers vs losers suggests neutral to slightly bearish sentiment, with investors cautious ahead of year‑end portfolio rebalancing. MTN Nigeria’s inclusion among top gainers helped stabilize the index, preventing sharper declines.
Daily Bitcoin Prices
Moving Average = $90,907.55
Previous Average = $92,616.76
Change = -1.8455%
Bitcoin Analysis
Our bitcoin average fell by about 1.85%. The week was one of mixed sentiment where macroeconomic optimism was offset by profit‑taking and regulatory caution.
Some traders locked in profits after the price of bitcoin went to $92k last week, thus pushing process closer to $91k.
Ongoing scrutiny of crypto exchanges and stablecoin flows kept speculative demand in check.
Bitcoin was also the victim of some market rotation, as some capital shifted into other cryptocurrencies like altcoins, reducing Bitcoin’s dominance.
Professional corporate finance and consulting services.
barnabyandedgar.com/
