The Nigerian Naira opened the new trading week under increased pressure in the informal foreign exchange market as festive-season demand reached a critical phase.
As of Monday, December 15th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,468 per dollar for buying and ₦1,478 per dollar for selling, according to pricing obtained from Bureau De Change (BDC) operators in Lagos, Abuja, Kano, Port Harcourt, and other major FX trading centres.
Mid-December is historically one of the busiest periods for dollar demand in Nigeria. Importers, travelers, families paying tuition abroad, and businesses settling year-end obligations are all active in the market. Despite these pressures, traders say liquidity remains available, although pricing has adjusted upward to reflect stronger demand.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Mon, Dec 15, 2025 | Black Market | 1,468 | 1,478 | +₦3 ▲ |
| Fri, Dec 12, 2025 | Black Market | 1,465 | 1,475 | — |
| Official Rate (CBN) | — | — | — | View via CBN |
Rates monitored through market intelligence reports from Naijaonpoint and daily dealer updates tracked on Aboki Forex.
How Much Is Dollar to Naira Today in Black Market?
The Dollar to Naira Black Market exchange rate today is trading within the ₦1,468 – ₦1,478 range across key commercial locations. Dealers say most transactions are closing near the selling rate as buyers rush to secure dollars ahead of Christmas travel and final import settlements.
For those seeking official FX benchmarks and regulated exchange-rate information, the Central Bank of Nigeria remains the authoritative source:
Central Bank of Nigeria
Key Drivers Behind Today’s Exchange Rate
Several factors are combining to push rates higher in the Black Market at this point in December:
🔹 Peak Holiday Travel Demand
Airline ticket purchases, hotel bookings, and travel expenses are driving increased retail FX demand.
🔹 End-of-Year Import Settlements
Many businesses are making final payments to overseas suppliers before closing their 2025 books.
🔹 Tuition and Medical FX Requests
Families supporting students abroad and overseas medical care are sourcing dollars in larger volumes.
🔹 Selective Dollar Holding
Some traders are holding dollars temporarily in anticipation of further pressure closer to Christmas.
🔹 Remittance Inflows Providing Partial Relief
Diaspora remittances are rising, but demand is currently outpacing supply, leading to mild upward adjustments.
BDC operators note that while demand is intense, the market has not experienced panic buying or supply shortages.
Economic Implications for Nigeria
The current movement in the Dollar to Naira Black Market has wide-reaching implications:
Positive Indicators
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Market liquidity remains intact despite heavy demand
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Businesses can still source FX without extreme volatility
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Remittances are helping prevent sharp price spikes
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Confidence remains stronger than earlier in the year
Areas of Concern
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Import costs are rising, which may feed into January inflation
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SMEs dependent on foreign inputs face tighter margins
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Households making late FX purchases face higher costs
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Persistent reliance on the black market highlights official FX access constraints
Economists warn that while seasonal pressure is expected, prolonged weakness could impact consumer prices in early 2026.
Market Outlook — What Comes Next
Analysts expect the Naira to remain under pressure through the Christmas period, with the most intense demand likely between December 18th and 23rd. However, strong remittance inflows from the United States, United Kingdom, Canada, and Europe could provide support toward the final week of the year.
Expected near-term trading range: ₦1,465 – ₦1,485 per dollar
Key factors to watch include:
-
Volume of holiday travel FX demand
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Speed of remittance inflows
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Oil price movements above $85 per barrel
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Any liquidity actions from the CBN
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, December 15th 2025, stands at:
-
₦1,468 per dollar for buying
-
₦1,478 per dollar for selling
For reliable daily updates and detailed market analysis, Nigerians continue to rely on trusted sources such as:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria
As Nigeria enters the most active week of the festive season, the Naira’s performance in the Black Market will remain a key indicator of market confidence and liquidity conditions.