Dollar to Naira Black Market Exchange Rate Today, Tuesday, December 9th 2025

The Nigerian Naira continued to trade under measured pressure in the informal foreign exchange market on Tuesday as December demand for foreign currency remains elevated across major commercial cities.

As of Tuesday, December 9th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,450 per dollar for buying and ₦1,460 per dollar for selling, based on verified data collected from active Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kaduna, and Kano.

The foreign exchange market is observing its strongest seasonal cycle of the year, with increased activity driven by travel expenses, tuition settlements, and import-related cash payments ahead of Nigeria’s year-end consumption peak.

Despite these pressures, market operators say liquidity remains relatively strong following steady inflows through informal channels and diaspora remittances.

Dollar to Naira Black Market Rate Today — Market Table

Market data cross-checked using reports from Naijaonpoint and current street-level pricing reports aggregated through Aboki Forex.

How Much Is Dollar to Naira Today in Black Market?

The Dollar to Naira Black Market exchange rate today, Tuesday, December 9th 2025, indicates:

• ₦1,450 per $1 for buying

• ₦1,460 per $1 for selling

This reflects a slight retreat from pricing recorded on Monday, driven largely by improved availability of physical dollar notes among dealers and steady remittance liquidity flowing through informal channels, especially from Europe and North America.

For official bank FX and interbank rates, visit the Central Bank of Nigeria:
Central Bank of Nigeria Official FX Window

What Is Driving Today’s Pricing Trend?

Multiple short-term seasonal and transactional variables continue to influence the rate movement in the Black Market:

🔹 Import-Driven Demand Moderating

Most large-scale December inventory payments have already been executed between late November and early December, easing spot-market pressure by the second week of the month.

🔹 Travel-Related Demand Spread Out

With many families opting for earlier bookings to secure cheaper fares, the FX demand curve is now more evenly distributed compared to previous years when last-minute purchases drove sharp price surges.

🔹 Diaspora Remittances Entering Nigeria

Operators say a noticeable spike in personal remittances is helping stabilize supply conditions beginning this week, with more expected toward December 15–28.

🔹 Reduced Speculative Hoarding

Traders indicate less aggressive holding of physical dollars, improving circulation and helping maintain pricing within an acceptable band.

These elements collectively support the Naira’s current performance despite seasonal demand pressure.

Economic Impact on Consumers, SMEs, and Retail Market

Today’s pricing trend in the Black Market environment carries practical implications:

Positive Indicators

• Import-linked inflation remains contained

• Retailers gain predictable price input for seasonal sales

• SMEs manage cash-flow with reduced exposure to volatile price jumps

• Travel expenses and tuition budgets are easier to track

Ongoing Risks

• Parallel market remains the dominant channel for FX access

• Limited official FX availability affects businesses dependent on dollar-denominated imports

• Short-term price swings can occur rapidly if demand spikes unexpectedly

The balanced pricing landscape suggests the Naira is responding well to seasonal pressures — but fragility remains if liquidity conditions weaken.

Market Outlook — December Projection

Analysts expect the Naira to hold within a controlled range over the next 7–10 days due to strong remittance inflows expected from the United States, Canada, the United Kingdom, and Europe.

Likely trading band: ₦1,448 – ₦1,470 per $1

Key indicators to observe:

• Crude oil price stability near $85 per barrel

• CBN liquidity profile in official FX windows

• Pace of December remittances entering Nigerian banks

• Importer demand levels moving toward December 20th

Market conditions could shift quickly if large import settlements trigger a spike in demand, although current data suggests relative stability.

Conclusion

The Dollar to Naira Black Market exchange rate today, Tuesday, December 9th 2025, is:

• ₦1,450 per dollar (buying)

• ₦1,460 per dollar (selling)

For accurate daily reporting, traders and consumers rely on:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria

The Naira’s resilience at the start of the December peak period highlights the importance of steady remittance inflows and reduced speculative pressure in the Black Market.