The Nigerian Naira traded within a narrow band in the informal foreign exchange market on Friday as post-Christmas liquidity began to offset earlier festive-season demand.
As of Friday, December 26th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,460 per dollar for buying and ₦1,470 per dollar for selling, based on pricing obtained from Bureau De Change (BDC) operators across Lagos, Abuja, Port Harcourt, Kano, and other major trading centres.
Following the Christmas holiday, FX demand has softened slightly as many households and businesses already completed their major dollar purchases earlier in the week.
At the same time, remittance inflows from Nigerians abroad continue to rise, helping stabilise liquidity across the Black Market.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Fri, Dec 26, 2025 | Black Market | 1,460 | 1,470 | −₦5 ▼ |
| Wed, Dec 24, 2025 | Black Market | 1,465 | 1,475 | — |
| Official Rate (CBN) | — | — | — | See https://www.cbn.gov.ng |
Rates compiled from daily market checks and validated using data published by https://investorsking.com.
How Much Is Dollar to Naira Today in Black Market
The Dollar to Naira Black Market exchange rate today is trading between ₦1,460 and ₦1,470 across major commercial locations. BDC operators report that most transactions are closing closer to the selling rate, but demand has eased slightly compared to the days leading up to Christmas.
Traders say liquidity has improved as remittances sent by Nigerians abroad during the holiday period continue to flow into the market. This has helped stabilise prices despite the still-elevated volume of FX transactions.
For official and regulated exchange-rate benchmarks, the Central Bank of Nigeria remains the reference authority:
https://www.cbn.gov.ng
What Is Driving Today’s Exchange Rate
Several factors are shaping today’s pricing dynamics in the Black Market:
🔹 Post-Christmas Demand Easing
Most travel-related and holiday FX purchases were completed earlier in the week, reducing pressure on the spot market.
🔹 Rising Diaspora Remittances
Remittance inflows from the United States, United Kingdom, Canada, and Europe have surged as families send funds for Christmas and New Year celebrations.
🔹 Limited Import Activity
With the year drawing to a close, many businesses have already settled their major import payments, lowering wholesale dollar demand.
🔹 Stable Market Sentiment
Traders report calmer sentiment, with fewer speculative purchases and more balanced buyer-seller activity.
🔹 Supportive Oil Prices
Global crude oil prices remaining above $85 per barrel continue to support Nigeria’s external earnings outlook, helping FX market confidence.
These factors have allowed the Naira to regain some stability after the intense pre-Christmas demand spike.
Impact on Businesses and Households
The current Black Market exchange rate presents mixed effects across Nigeria’s economy:
Positive Developments
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Dollar availability has improved after Christmas
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Businesses benefit from more predictable FX pricing
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Households making late FX purchases face slightly lower costs
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Remittance inflows are helping stabilise the market
Ongoing Challenges
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Import costs remain elevated compared to early 2025
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SMEs reliant on foreign inputs still face margin pressure
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Continued reliance on the parallel market highlights limited official FX access
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Inflation risks persist if FX stability weakens in early 2026
Economists note that while today’s stability is encouraging, longer-term improvement will depend on sustained FX inflows and structural reforms.
Market Outlook
Analysts expect the Naira to trade within a relatively narrow band through the final days of 2025 as remittance inflows remain strong and trading activity slows for the holidays.
Projected short-term trading range: ₦1,455 – ₦1,475 per dollar
Key factors to watch include:
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Volume of post-holiday remittance inflows
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January import pre-financing
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Oil price performance
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Any FX liquidity actions by the CBN
Conclusion
The Dollar to Naira Black Market exchange rate today, Friday, December 26th 2025, stands at:
-
₦1,460 per dollar for buying
-
₦1,470 per dollar for selling
For accurate daily FX updates and trusted market analysis, Nigerians continue to rely on:
https://investorsking.com
https://www.cbn.gov.ng
As Nigeria approaches the final days of 2025, the balance between remittance inflows and reduced festive demand will remain the key driver of Naira performance in the Black Market.