The Nigerian Naira continued to trade within a controlled range in the informal foreign exchange market despite intensified demand from traders and travelers at the start of the festive spending cycle.
As of Friday, December 5th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,450 per dollar for buying and ₦1,460 per dollar for selling, based on verified pricing information from Bureau De Change (BDC) operators across Lagos, Abuja, Kano, and Port Harcourt.
Although spending activity is growing significantly across commercial centers, the Naira has shown stronger resilience compared to previous months due to steady remittance flows and moderate supply from private currency channels. Operators say business volume is rising ahead of December peak demand, but market liquidity remains healthy.
Dollar to Naira Black Market Rate Today — Updated Table
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Trend |
|---|---|---|---|---|
| Fri, Dec 5, 2025 | Black Market | 1,450 | 1,460 | — |
| Thu, Dec 4, 2025 | Black Market | 1,455 | 1,465 | −₦5 ▼ |
| Official Rate (CBN) | — | — | — | Check CBN |
Rate confirmation derived from real-time monitoring by Naijaonpoint and pricing reports collected through online channels such as Aboki Forex.
How Much Is Dollar to Naira Today in Black Market?
As of today, the Dollar to Naira Black Market exchange rate is:
This marks a modest drop from yesterday’s figures, influenced by slightly improved dollar availability from remittance inflows and a controlled flow of corporate demand.
For official, bank-regulated exchange rates, consult the Central Bank of Nigeria at:
CBN Official FX Updates
Drivers of Today’s Black Market Exchange Rate
Several demand-side and supply-side dynamics are currently influencing rate movement:
🔹 Intensified Import Orders
Importers are bringing in inventory for December retail promotions, triggering increased spot-market activity.
🔹 Tuition and Medical Travel
End-of-year tuition payments and family travel abroad are driving FX purchases among households.
🔹 Remittance Inflows Supporting Liquidity
Nigeria’s December diaspora remittances are beginning to enter the market, improving supply conditions.
🔹 Relatively Low Speculative Activity
Unlike other high-demand periods, speculative buying appears moderate, creating stability in pricing.
🔹 Oil Prices Offering Some Support
Brent crude remains above $85 per barrel, offering confidence in Nigeria’s FX reserve outlook.
BDC operators report that a healthy flow of physical U.S. Dollar notes is preventing excessive rate pressure despite intensified demand.
Implications for Consumers, SMEs, and Market Sentiment
The current pricing trend in the Black Market has mixed implications:
✔ A More Predictable December Trading Cycle
Stable rates help businesses implement holiday pricing strategies without sharp cost fluctuations.
✔ Reduced Inflationary Burden
A controlled exchange rate reduces the pass-through impact of imported inflation, particularly for food, household items, and electronics.
✔ Improved Budget Planning
Families preparing for seasonal travel have a clearer picture of their cost outlook.
Persistent Structural Gaps
Despite stability, the reliance on parallel market FX points to challenges in accessing official windows for SMEs and individuals. Without stronger access to regulated channels, the black market remains the primary option for most Nigerians.
Market Outlook for December
Analysts expect the Naira to maintain the ₦1,450 – ₦1,470 trading band into early December, provided current liquidity trends continue. Strong diaspora inflows from the U.S., Canada, UK, and Europe historically peak between December 10–28, which may help balance market pressure.
Areas to watch over the next week include:
-
Import-driven FX demand
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Price trend in crude oil markets
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Progress in CBN’s official FX supply efforts
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Volume of holiday travel bookings
The Naira’s stability will depend on the pace of inflows relative to spending demand in the Black Market.
Conclusion
The Dollar to Naira Black Market exchange rate today, Friday, December 5th 2025, is:
For accurate daily forex updates and detailed market analysis, Nigerians rely on:
Naijaonpoint
Central Bank of Nigeria
As the December peak season continues, market attention will remain focused on liquidity flows and real economy demand behavior, both of which shape currency stability in the Black Market.