The Nigerian Naira traded on a steady note in the informal foreign exchange market on Monday as end-of-year remittance inflows continued to balance moderate holiday-related demand.
As of Monday, December 29th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,465 per dollar for buying and ₦1,475 per dollar for selling, based on verified quotations from Bureau De Change (BDC) operators across Lagos, Abuja, Port Harcourt, Kano, and other major FX trading centres.
The final week of the year typically sees a shift in FX market dynamics. While travel and holiday spending remain active, a large share of December’s dollar demand has already been met. At the same time, Nigerians abroad continue to send funds home for New Year celebrations, creating a supportive liquidity environment for the Black Market.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Mon, Dec 29, 2025 | Black Market | 1,465 | 1,475 | +₦5 ▲ |
| Fri, Dec 26, 2025 | Black Market | 1,460 | 1,470 | — |
| Official Rate (CBN) | — | — | — | See https://www.cbn.gov.ng |
Rates compiled from daily market checks and validated using updates 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 within the ₦1,465 – ₦1,475 range across major commercial locations. Most transactions are settling closer to the selling rate as individuals and businesses complete final overseas payments ahead of the New Year.
BDC operators report that although demand remains steady, it is no longer as intense as the days leading up to Christmas. Improved supply from diaspora remittances is helping prevent sharp price increases, keeping the market relatively orderly.
For official FX benchmarks, regulated rates, and interbank information, the Central Bank of Nigeria remains the authoritative source:
https://www.cbn.gov.ng
What Is Driving Today’s Exchange Rate
Several factors are shaping pricing conditions in the Black Market at the close of 2025:
🔹 End-of-Year Travel and Spending
Many Nigerians are still travelling abroad for the holidays and New Year, sustaining retail demand for dollars.
🔹 Ongoing Remittance Inflows
Diaspora remittances from the United States, United Kingdom, Canada, and Europe remain strong as families receive funds for celebrations and support.
🔹 Reduced Import Activity
Most importers have completed their major 2025 payments, reducing wholesale dollar demand.
🔹 Stable Trading Sentiment
Market participants report fewer speculative positions and more balanced buyer-seller activity.
🔹 Supportive Oil Prices
Global crude oil prices holding above $85 per barrel continue to underpin confidence in Nigeria’s external earnings.
These factors have created a relatively stable environment, allowing the Naira to trade within a narrow band.
Impact on Businesses and Households
The current Black Market exchange rate presents both advantages and challenges:
Positive Developments
-
Improved dollar availability from remittances
-
More predictable FX pricing for year-end planning
-
Reduced risk of sudden price spikes
-
Better conditions for households making late FX purchases
Ongoing Risks
-
Import costs remain elevated
-
SMEs reliant on foreign inputs face margin pressure
-
Dependence on the parallel market persists
-
Inflation risks remain if FX stability weakens in early 2026
Economists caution that while the market is calm now, January could bring renewed pressure as import activity resumes.
Market Outlook
Analysts expect the Naira to trade within a tight range through the final days of 2025, supported by remittance inflows and lighter business activity during the holiday period.
Projected short-term trading range: ₦1,460 – ₦1,480 per dollar
Key variables to watch include:
-
Strength of New-Year remittance inflows
-
January import financing demand
-
Oil price movements
-
Any FX liquidity actions from the CBN
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, December 29th 2025, stands at:
-
₦1,465 per dollar for buying
-
₦1,475 per dollar for selling
For accurate daily FX updates and reliable market insights, Nigerians continue to rely on:
https://investorsking.com
https://www.cbn.gov.ng
As Nigeria approaches the end of 2025, the balance between remittance inflows and holiday-driven demand will remain the key driver of Naira performance in the Black Market.