The Nigerian Naira faced renewed pressure against the U.S. Dollar today as the informal foreign exchange market reacts to increasing demand for foreign currencies during the December peak season.
As of Tuesday, December 2nd 2025, the Dollar to Naira Black Market exchange rate is ₦1,460 per dollar for buying and ₦1,470 per dollar for selling, based on verified pricing reports from Bureau De Change (BDC) operators across major Nigerian trading centers including Lagos, Abuja, Port Harcourt, and Kano.
Market activities have picked up sharply since the beginning of December as importers, holiday shoppers, and global travelers intensify forex requests, thereby contributing to the widening of the exchange rate margin.
Dollar to Naira Black Market Rate Today — Updated Pricing
| Date | Market | Buying (₦) | Selling (₦) | Movement |
|---|---|---|---|---|
| Tue, Dec 2, 2025 | Black Market | 1,460 | 1,470 | +₦5 ▲ |
| Mon, Dec 1, 2025 | Black Market | 1,455 | 1,465 | −₦5 ▼ |
| Official CBN Rate | — | — | — | Check on CBN |
Figures reviewed and validated using forex updates from Naijaonpoint and daily dealer spot checks via Aboki Forex.
How Much Is Dollar to Naira Today in Black Market?
The Dollar to Naira Black Market rate today remains in the ₦1,460–₦1,470 range.
This shift represents early signs of demand-driven upward pressure as December commercial activity accelerates.
For regulated and official banking FX benchmarks, refer to:
Central Bank of Nigeria Official FX Portal
Why the Naira Continues to Face Seasonal Pressure
Forex traders report several factors shaping today’s movement:
🔹 Festive Imports at Their Peak
Businesses ordering stock for December sales are sourcing more dollars for payments to international suppliers.
🔹 Travel and Tuition Demands
Students and travelers are buying foreign currency earlier to hedge against sharp price increases later in the month.
🔹 Cash-Based Market Activity
Dealers note increased volume of retail spot transactions, driving manual liquidity pressure in the Black Market.
🔹 Mild Resurfacing of Speculative Hedging
A fraction of market participants are holding dollars in anticipation of further Naira depreciation.
Despite these influences, BDC operators insist the market remains well supplied — preventing any dramatic spikes.
Nigeria’s Economic Impact and Consumer Experience
The latest FX movement affects key market segments differently:
Beneficial Outcomes
-
Retailers enjoy pricing predictability to plan December promo sales
-
Local businesses gain confidence with slower volatility swings
-
Import-linked inflation remains somewhat controlled
-
Travel expenses can be forecast with more certainty
Risks Still Present
-
Cost of import-dependent goods like electronics may trend upward soon
-
SMEs relying heavily on foreign raw materials may face squeezed margins
-
Heavy dependence on parallel forex channels highlights structural inefficiencies in access
Nigeria’s long-term FX health still depends on boosting dollar supply through exports and investment inflows.
Market Outlook for the Week
Analysts expect forex demand to continue rising throughout the first half of the month. However, strong academic-related inflows and diaspora remittances could help cushion deeper volatility by mid-December.
Key variables that could influence next movements:
-
Official interventions by the CBN
-
Weekend travel bookings spike
-
Crude oil prices sustaining above $85/barrel
-
Seasonal remittance liquidity entering the market
Projected trading range for the week: ₦1,455–₦1,480 per dollar
Conclusion
The Dollar to Naira Black Market exchange rate today, Tuesday, December 2nd 2025, is:
-
₦1,460 per dollar for buying
-
₦1,470 per dollar for selling
For ongoing real-time updates, reliable information sources include:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria
As the festive economy gains momentum, Nigerians and businesses will continue monitoring market trends closely, ensuring they secure forex at the most favorable rates possible throughout the December period in the Black Market.