The Nigerian Naira opened the new trading week under sustained pressure against the United States Dollar in the informal foreign exchange market as festive-season demand peaked nationwide.
As of Monday, December 22nd 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,460 per dollar for buying and ₦1,470 per dollar for selling, according to pricing obtained from Bureau De Change (BDC) operators in Lagos, Abuja, Kano, Port Harcourt, and other major trading centres.
The final week before Christmas is traditionally one of the most active periods for dollar demand in Nigeria. Travel expenses, last-minute import payments, tuition settlements, and end-of-year business obligations are all contributing to elevated activity in the Black Market, even as remittance inflows from Nigerians abroad continue to provide partial supply support.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Mon, Dec 22, 2025 | Black Market | 1,460 | 1,470 | −₦2 ▼ |
| Fri, Dec 19, 2025 | Black Market | 1,462 | 1,472 | — |
| Official Rate (CBN) | — | — | — | See https://www.cbn.gov.ng |
Rates are compiled from daily market checks and verified through updates published by https://investorsking.com.
How Much Is Dollar to Naira Today in Black Market
As of today, the Dollar to Naira Black Market exchange rate is trading within the ₦1,460 – ₦1,470 range across most commercial locations. Dealers report that transaction volumes are higher than average, with most buyers accepting prices close to the selling rate as Christmas travel and overseas payments accelerate.
Despite strong demand, operators say the market remains orderly. Increased inflows from diaspora remittances, particularly from North America and Europe, have helped prevent sharp price spikes that often characterise this period.
For official and regulated exchange-rate benchmarks, the Central Bank of Nigeria remains the authoritative reference:
https://www.cbn.gov.ng
Factors Driving Today’s Exchange Rate
Several seasonal and structural factors are influencing pricing dynamics in the Black Market:
🔹 Peak Holiday Travel Demand
International travel has reached its highest point for the year, with families sourcing foreign currency for flights, accommodation, and overseas expenses.
🔹 Final Import Settlements
Many businesses are concluding outstanding import payments before year-end, adding to spot-market dollar demand.
🔹 Tuition and Medical Payments Abroad
Parents and guardians are securing dollars for January tuition fees and ongoing medical treatments overseas.
🔹 Stronger Diaspora Remittances
Remittance inflows from Nigerians abroad are rising sharply during the Christmas period, helping to stabilise supply.
🔹 Limited Speculative Hoarding
Traders report restrained speculative activity compared to earlier volatile periods, allowing smoother circulation of available dollars.
These factors explain why the Naira has adjusted moderately rather than experiencing a sharp depreciation.
Economic Impact on Businesses and Households
The current Black Market exchange rate carries mixed implications for the Nigerian economy:
Positive Signals
-
Dollar availability remains steady despite strong seasonal demand
-
Businesses can plan pricing within a predictable FX range
-
Remittance inflows are cushioning extreme volatility
-
Market confidence is stronger than earlier in the year
Challenges Remain
-
Import costs remain elevated and may affect post-holiday inflation
-
SMEs reliant on foreign inputs face tighter margins
-
Households making late FX purchases incur higher costs
-
Continued reliance on the parallel market highlights limited official FX access
Economists warn that sustained pressure could feed into consumer prices in early 2026 if stability weakens after the festive season.
Market Outlook
Analysts expect the Naira to remain under moderate pressure through Christmas, with demand likely peaking between December 22nd and 24th. However, strong remittance inflows toward the final days of the year could offer temporary relief.
Projected short-term trading range: ₦1,455 – ₦1,480 per dollar
Key factors to monitor include:
-
Volume of travel-related FX demand
-
Pace of diaspora remittance inflows
-
Oil price stability above $85 per barrel
-
Any liquidity measures from the CBN
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, December 22nd 2025, stands at:
-
₦1,460 per dollar for buying
-
₦1,470 per dollar for selling
For accurate daily FX updates and reliable market analysis, Nigerians continue to rely on trusted sources such as:
https://investorsking.com
https://abokiforex.app/
https://www.cbn.gov.ng
As Nigeria enters the final days before Christmas, the balance between strong festive demand and rising remittance inflows will remain the key driver of Naira performance in the Black Market.