Dollar to Naira Black Market Exchange Rate Today, Monday, December 8th 2025

The Nigerian Naira opened the second week of December with marginal pressure against the United States Dollar in the informal currency market.

As of Monday, December 8th 2025, the Dollar to Naira Black Market exchange rate sits at ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, according to verified Bureau De Change (BDC) pricing across Lagos, Abuja, Kano, Port Harcourt, and major commercial FX clusters.

Early-December demand is being shaped by increased activity from retail importers, travel-related transactions, and tuition payments abroad. However, operators report that supply remains fairly stable due to consistent inflows from private currency channels and diaspora remittances entering Nigeria for the festive period.

Dollar to Naira Black Market Rate Today — Updated Table

Figures validated through daily rate monitoring by Naijaonpoint and updated pricing reports from Aboki Forex.

How Much Is Dollar to Naira Today in Black Market?

The Dollar to Naira Black Market rate for today is as follows:

• ₦1,455 per dollar for buying

• ₦1,465 per dollar for selling

This pricing reflects an early-week adjustment driven by elevated demand from importers restocking for Christmas sales, as well as increased travel transactions ahead of the holiday break.

For regulated FX pricing, interbank rates, and official CBN positions, refer to:
Central Bank of Nigeria

What Is Driving Today’s Exchange Rate?

Market analysts point to several factors shaping the current pricing trend in the Black Market:

🔹 Higher End-of-Year Import Payments

Retailers and distributors are completing final payment cycles for inventory destined for Nigeria’s December retail boom. With international suppliers requiring advance settlement, the dollar demand curve has escalated over the last 10 days.

🔹 Tuition and Visa-Linked FX Requests

International tuition payments and expedited travel plans continue to drive direct cash purchases in informal channels, particularly from families and students preparing for January academic entries abroad.

🔹 Early Remittance Signals

Diaspora remittance inflows are rising ahead of the traditional mid-December peak period. This improved supply helps stabilize physical currency availability in the Black Market, preventing aggressive spikes.

🔹 Reduced Speculative Hoarding

Compared to earlier volatility periods in 2025, speculative holding appears more controlled. Traders are trading within normal volumes rather than hoarding dollars for short-term gains.

Economic Impact on Nigerian Consumers and Businesses

The Naira’s early-December stability in the Black Market carries visible economic implications:

Positive Outcomes

• Import-driven inflation appears contained

• SMEs have a predictable rate to support inventory planning

• Travel budgets are easier to calculate ahead of the holidays

• Market volatility is lower, improving buyer confidence

Persistent Challenges

• Structural dependence on parallel market FX remains high

• Businesses unable to access official channels face tighter margins

• Short-term demand surges can trigger rapid rate reactions

Market participants emphasize that stable supply must be sustained to avoid sharp swings during the peak remittance period between December 15–28.

Market Outlook — December Projections

FX analysts expect the Naira to continue trading within a tight band through the first half of December, driven by diaspora inflows and seasonal spending.

Expected trading range: ₦1,450 – ₦1,472 per USD

Key variables to watch include:

• Level of travel-related demand

• Volume of incoming remittances

• Crude oil performance above $85 per barrel

• CBN liquidity exposure in official FX windows

Operators report that the market remains sensitive to sudden shifts in demand, especially around travel bookings and bulk import orders.

Conclusion

The Dollar to Naira Black Market exchange rate today, Monday, December 8th 2025, stands at:

• ₦1,455 per dollar (buying)

• ₦1,465 per dollar (selling)

For accurate daily FX insight and reliable market updates, Nigerians consistently rely on:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria

The next two weeks will be critical for determining the Naira’s stability curve, as holiday demand peaks in the Black Market and remittance activity reaches its highest level of the year.