The Nigerian Naira traded within a narrow and relatively stable band in the informal foreign exchange market on Thursday as early remittance inflows and moderated importer demand continued to shape pricing conditions.
As of Thursday, December 11th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,450 per dollar for buying and ₦1,460 per dollar for selling, according to updated quotations gathered from Bureau De Change (BDC) operators across major trading locations in Lagos, Abuja, Port Harcourt, Kano, and Onitsha.
Market analysts note that stability within the current range is linked to improved foreign currency circulation and the gradual easing of import-related pressure after the peak early-December inventory settlement period.
The market is now shifting toward remittance-driven liquidity cycles, which typically strengthen supply ahead of the festive season.
Dollar to Naira Black Market Rate Today — Market Table
| Date | Market Type | Buying (₦) | Selling (₦) | Trend |
|---|---|---|---|---|
| Thu, Dec 11, 2025 | Black Market | 1,450 | 1,460 | — |
| Wed, Dec 10, 2025 | Black Market | 1,455 | 1,465 | −₦5 ▼ |
| Official FX Rate | CBN | — | — | Check CBN |
Pricing figures validated using daily rate tracking from Naijaonpoint and updates from Aboki Forex, combined with physical street-level sampling from licensed operators.
How Much Is Dollar to Naira Today in Black Market?
As of today, the Dollar to Naira Black Market rate remains stable at:
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₦1,450 per US$1 for buying
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₦1,460 per US$1 for selling
This level reflects steady demand from travelers and tuition payers, offset by healthy remittance inflows that have begun to strengthen liquidity across the informal market.
For official bank rates, documentation-based FX access, and interbank pricing, visit the Central Bank’s portal:
Central Bank of Nigeria
Why the Naira Stabilized Today
Several factors are moderating volatility and sustaining pricing within the mid-₦1,450 range:
🔹 Remittance Inflows Strengthen Supply
With December in full swing, more Nigerians in the diaspora are beginning to send holiday remittances, boosting cash availability in the Black Market.
🔹 Import Cycle Slowing Down
Most peak-season import payments were completed between late November and the first week of December, reducing bulk FX demand from wholesalers and retailers.
🔹 Travel FX Purchases Are More Distributed
A pattern of earlier bookings by families and individuals has eased what used to be a late-December surge in spot-market travel-related FX demand.
🔹 Modest Speculative Activity
Speculators appear cautious, avoiding hoarding or artificial price-inflating activities observed during unstable months earlier in 2025.
🔹 Stable Oil Prices
Crude oil trading above $85 per barrel continues to provide confidence in Nigeria’s reserve position, supporting overall FX sentiment.
These combined factors help sustain a controlled pricing environment in the Black Market despite seasonal pressures.
Economic and Market Impact
Positive Market Signals
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Stable exchange rates help businesses finalize year-end pricing plans.
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Retailers benefit from predictable input costs for imported goods.
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Inflationary pressure remains moderate in import-dependent categories.
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Families making travel and tuition payments can plan more accurately.
Risks That Remain
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Heavy dependence on parallel market FX persists due to constrained official supply.
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Any sudden spike in bulk importer demand could disrupt the stable band.
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Market sentiment remains fragile and sensitive to policy signals from the CBN.
For now, conditions favor a relatively balanced trading environment, but liquidity must remain strong to avoid upward volatility as December progresses.
Market Outlook — December Trend Projection
Analysts expect the Naira to move within the ₦1,448 – ₦1,470 per dollar band over the next several days, supported by increasing remittance inflows and a slowdown in large import settlements.
Market movement will depend on:
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Strength of mid-December remittances
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CBN’s FX supply interventions
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Oil price performance
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Travel-related FX spikes around December 20–25
Current data suggests the Naira may maintain stability if liquidity remains uninterrupted.
Conclusion
The Dollar to Naira Black Market exchange rate today, Thursday, December 11th 2025, stands at:
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₦1,450 per dollar (buying)
-
₦1,460 per dollar (selling)
For reliable daily FX tracking, Nigerians turn to:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria
As December’s peak demand cycle continues, the Naira’s resilience will hinge on remittance inflows and investor sentiment in the Black Market.