Dollar to Naira Black Market Exchange Rate Today, Friday, December 12th 2025

The Nigerian Naira weakened slightly against the US Dollar in the informal foreign exchange market on Friday as demand intensified ahead of the peak festive spending period.

As of Friday, December 12th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,465 per dollar for buying and ₦1,475 per dollar for selling, according to verified rates from Bureau De Change (BDC) operators across Lagos, Abuja, Kano, Port Harcourt, and other high-volume trading hubs.

With Christmas only days away, the foreign exchange market is experiencing increased activity, particularly from importers, international travelers, and families making tuition and medical payments abroad.

Despite this, the Naira’s movement remains controlled due to consistent remittance flows entering Nigeria from the diaspora.

Dollar to Naira Black Market Rate Today — Updated Table

Rates were cross-checked using BDC quotations and market updates published on Naijaonpoint and live tracking tools on Aboki Forex.

How Much Is Dollar to Naira Today in Black Market?

The Dollar to Naira Black Market exchange rate today is:

• ₦1,465 per dollar (buying)

• ₦1,475 per dollar (selling)

This represents a moderate upward movement driven by increased FX demand across retail and commercial channels as December progresses.

For official FX benchmarks, bank-transfer rates, and regulatory updates, consult the Central Bank of Nigeria:
Central Bank of Nigeria Official Website

What Is Driving Today’s Price Increase?

Several market-specific and seasonal factors contributed to today’s upward adjustment:

🔹 Intensified Import Payments

Retailers and distributors are settling last-minute payments for goods expected to arrive before the festive rush. This increases spot-market dollar demand.

🔹 Travel-Driven FX Purchases

End-of-year travel activity is now at its highest level, with many travelers buying FX earlier than usual to avoid further price hikes.

🔹 Tuition and Medical Payments

Families with students abroad or relatives undergoing medical care overseas are sourcing dollars in bulk, amplifying cash demand in the Black Market.

🔹 Increased Bulk Transactions

BDC operators confirm that wholesale buyers are contributing significantly to today’s upward movement, especially in Lagos Island, Kano, and Wuse zones.

🔹 Remittance Inflows Providing Partial Balance

Although diaspora remittances are rising, they have not fully offset the sudden surge in commercial FX purchases — resulting in modest price pressure.

Economic Impact on Nigerian Households and Businesses

Positive Developments

• Increased remittance flow helps cushion extreme volatility

• Businesses benefit from predictable market behavior despite higher demand

• Retailers can still source FX within a known trading band

• Market confidence remains stable due to consistent liquidity

Challenges Emerging

• Importers face higher purchasing costs, impacting product pricing

• Inflation may rise in January as December’s FX pressure feeds through

• SMEs reliant on imported raw materials may experience margin compression

• Households making travel or tuition payments face rising FX expenses

Traders emphasize that while rates have risen, the increase remains moderate compared to historical December volatility.

Market Outlook — What to Expect Next

FX analysts predict that the Naira may experience additional pressure heading into mid-December as holiday demand reaches its peak. However, strong remittance inflows expected between December 15th and 28th may help stabilize the market.

Expected trading band for the coming days:
₦1,462 – ₦1,482 per USD

Key indicators to monitor include:

• Volume of last-minute import payments

• Travel-related FX demand spikes

• CBN interventions in official windows

• Global oil price stability above $85 per barrel

The Naira’s ability to absorb seasonal pressure will largely depend on how quickly remittances enter the system.

Conclusion

The Dollar to Naira Black Market exchange rate today, Friday, December 12th 2025, stands at:

• ₦1,465 per dollar (buying)

• ₦1,475 per dollar (selling)

For real-time FX updates and accurate daily reporting, Nigerians rely on:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria

As festive-season demand accelerates, the Naira’s resilience in the Black Market will be closely watched by consumers, traders, and analysts.