The Nigerian Naira opened the month of December with a slight depreciation against the United States Dollar in the parallel market, as increased demand for foreign currency ahead of the festive season begins to weigh on the market.
As of Monday, December 1st 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, based on verified updates from Bureau De Change (BDC) operators in Lagos, Abuja, and Port Harcourt.
The start of a new month normally introduces fresh FX requests from importers and holiday travelers, contributing to a marginal shift in pricing. Traders say market liquidity remains stable, but speed of demand is beginning to intensify.
Dollar to Naira Black Market Rate Today — Overview
| Date | Market Segment | Buying Rate (₦) | Selling Rate (₦) | Trend |
|---|---|---|---|---|
| Mon, Dec 1, 2025 | Black Market | 1,455 | 1,465 | -₦5 ▼ |
| Fri, Nov 28, 2025 | Black Market | 1,450 | 1,460 | — |
| Official Rate (CBN) | — | — | — | See official rates on CBN |
Market pricing independently verified from Naijaonpoint.
How Much Is Dollar to Naira Today in Black Market?
The Dollar to Naira Black Market rate today averages:
-
₦1,455 per dollar for buying
-
₦1,465 per dollar for selling
This marks a ₦5 depreciation from the weekend’s closing figures following increased forex uptake among importers and families planning international travel during the holidays.
To check for regulated FX rates for banks, transfers, and official transactions, consult the Central Bank of Nigeria via:
CBN Website
Why the Naira Is Slightly Lower Today
Market experts attribute the mild weakening to several short-term, seasonally influenced factors:
🔹 Holiday Demand Spike
Retailers and e-commerce businesses are restocking heavily ahead of December shopping surges.
🔹 Travel-Driven FX Purchases
Visa approvals and ticket bookings are rising, increasing forex requests.
🔹 Import Activity Surge
Foreign suppliers require upfront payments, driving dollar buying volumes.
🔹 Speculation Return
Some traders are hedging early in anticipation of potential sharp increases later in the month.
Despite these pressures, the price drop remains controlled, indicating that supply is still supportive.
Economic Impact on Consumers and Businesses
Today’s movement in the Black Market FX rate carries real implications:
Positive Effects
✔ Pricing stability remains manageable for importers
✔ Reduced volatility helps SMEs forecast more accurately
✔ Inflationary pressure contained for now
✔ Families budgeting for travel can still access predictable rates
Areas of Concern
⚠ Heavy reliance on parallel markets persists due to limited official liquidity
⚠ Cost of imported food and consumer goods may rise if the Naira weakens faster
⚠ Businesses with lean capital structures may struggle with larger FX outflows
Retailers in electronics, clothing, and household supplies are among the most sensitive to exchange-rate changes this time of year.
Market Outlook — December Expectations
Analysts predict the Naira may face further mild pressure throughout the first half of December as seasonal demand accelerates. However, strong remittance flows expected from the diaspora during Christmas could help balance the market by mid-month.
Key factors traders will be watching include:
-
Volume of holiday-related imports
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Oil price direction and reserve stability
-
CBN interventions in official FX windows
-
Remittance growth from international money channels
Projected trading band for the week: ₦1,450 – ₦1,475 per USD
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, December 1st 2025, stands at:
-
₦1,455 for buying
-
₦1,465 for selling
For verified, daily updates on the Dollar to Naira exchange rate, follow:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria
As Nigeria enters its highest-demand forex month of the year, the Naira’s performance will depend on how effectively the market manages the balance between supply and rising end-of-year demand in the Black Market.