The Nigerian Naira strengthened slightly against the United States Dollar in the informal foreign exchange market on Tuesday as improved dollar inflows eased pressure during the peak Christmas trading window.
As of Tuesday, December 23rd 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 pricing obtained from Bureau De Change (BDC) operators across Lagos, Abuja, Kano, Port Harcourt, and other major FX trading centres.
The marginal appreciation comes as diaspora remittances reached their highest levels for the month, offsetting strong seasonal demand from travelers, importers, and households settling end-of-year overseas obligations. Market participants say liquidity conditions have improved compared to the previous week.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Tue, Dec 23, 2025 | Black Market | 1,455 | 1,465 | −₦5 ▼ |
| Mon, Dec 22, 2025 | Black Market | 1,460 | 1,470 | — |
| Official Rate (CBN) | — | — | — | See https://www.cbn.gov.ng |
Rates 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 ₦1,455 – ₦1,465 range across major commercial locations. Dealers report that most transactions are closing closer to the mid-range as supply improves and buyers show less urgency compared to earlier in the festive season.
Operators say the reduction in panic buying has helped stabilise pricing, even as transaction volumes remain elevated. The improvement reflects stronger dollar inflows from Nigerians abroad who traditionally send funds home in the days leading up to Christmas.
For official and regulated exchange-rate benchmarks, the Central Bank of Nigeria remains the authoritative reference point:
https://www.cbn.gov.ng
Key Factors Influencing Today’s Exchange Rate
Several short-term factors are shaping pricing dynamics in the Black Market today:
🔹 Strong Diaspora Remittance Inflows
Remittances from the United States, United Kingdom, Canada, and Europe have increased significantly this week, improving dollar availability in the informal market.
🔹 Reduced Import Pressure
Most major import payments were completed earlier in December, reducing wholesale demand for dollars.
🔹 Slower Travel-Related Purchases
With many travelers having already secured foreign currency, retail demand has softened slightly.
🔹 Improved Market Confidence
Traders report calmer sentiment, with fewer speculative purchases and more balanced buyer-seller activity.
🔹 Stable Global Oil Prices
Crude oil prices holding above $85 per barrel continue to support Nigeria’s external earnings outlook, improving FX sentiment.
These factors combined to support the Naira’s modest appreciation in today’s trading session.
Impact on Businesses and Households
The current Black Market exchange rate presents both opportunities and challenges for Nigerians:
Positive Developments
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Improved dollar availability reduces transaction stress
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Businesses benefit from more predictable FX pricing
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Households making late FX purchases face slightly lower costs
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Reduced volatility supports price stability heading into year-end
Ongoing Challenges
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Import costs remain elevated relative to early-2025 levels
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SMEs dependent on foreign inputs still face margin pressure
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Heavy reliance on the parallel market persists
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Official FX access remains constrained for many individuals
Economists caution that while today’s improvement is encouraging, sustained stability will depend on continued inflows after the festive season.
Market Outlook
Analysts expect the Naira to trade within a relatively narrow band through Christmas, with remittance inflows continuing to provide support. However, demand could rise again toward the end of the year as businesses prepare for January operations.
Projected short-term trading range: ₦1,450 – ₦1,470 per dollar
Key factors to monitor include:
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Post-Christmas remittance trends
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Resumption of import activity in early January
-
Oil price movements
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Any FX liquidity measures from the CBN
Conclusion
The Dollar to Naira Black Market exchange rate today, Tuesday, December 23rd 2025, stands at:
-
₦1,455 per dollar for buying
-
₦1,465 per dollar for selling
For reliable daily FX updates and trusted market insights, Nigerians continue to rely on:
https://investorsking.com
https://abokiforex.app/
https://www.cbn.gov.ng
As Christmas approaches, the balance between seasonal demand and strong remittance inflows will remain the key driver of Naira performance in the Black Market.