The Nigerian Naira continued to trade in a relatively stable band in the informal foreign exchange market on Wednesday, supported by early festive remittance inflows and a gradual easing in bulk import demand.
As of Wednesday, December 10th 2025, the Dollar to Naira Black Market exchange rate is ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, based on monitored rates from active Bureau De Change (BDC) operators in Lagos, Abuja, Kano, Port Harcourt, and Kaduna.
Market participants report that while demand for foreign currency remains elevated due to seasonal factors, liquidity is slightly improving across key trading clusters. The first wave of holiday remittances from Nigerians abroad is beginning to support supply conditions — helping to keep price fluctuations controlled.
Dollar to Naira Black Market Rate Today — Updated Table
| Date | Market Type | Buying (₦) | Selling (₦) | Movement |
|---|---|---|---|---|
| Wed, Dec 10, 2025 | Black Market | 1,455 | 1,465 | — |
| Tue, Dec 9, 2025 | Black Market | 1,450 | 1,460 | +₦5 ▲ |
| Official Rate (CBN) | — | — | — | See CBN |
These figures are verified through daily monitoring of FX market activity across major trading centers, including price insights published on Naijaonpoint and live updates from Aboki Forex.
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 corridor across retail FX clusters.
BDC dealers state that most bulk transactions are settling in the ₦1,460 band, depending on transaction volume and currency note demand.
For consumers seeking official, regulated FX rates for bank transactions, the most trusted source remains the Central Bank of Nigeria:
Central Bank of Nigeria — Official FX Window
Why the Naira Is Stable Today
The Naira’s position in early December reflects a balance between high seasonal demand and improving liquidity indicators:
🔹 Festive Import Cycle Passing its Peak
Much of the large-scale ordering of imported goods for December promotions has already been executed. This reduces pressure from importers who previously dominated the market between late November and early December.
🔹 Earlier Travel FX Purchases
Families traveling for the holidays increasingly spread their dollar purchases to avoid last-minute spikes, creating a flatter demand curve in the Black Market.
🔹 Stronger Remittance Liquidity
Operators are reporting growing USD inflow from Nigerians abroad — particularly from the United States, the United Kingdom, Canada, Germany, and the UAE. This trend is expected to strengthen in the coming days.
🔹 Reduced Speculative Positioning
Unlike the volatility seen earlier in 2025, speculative hoarding has been mild, allowing physical notes to circulate more freely in street markets.
These factors collectively support short-term stability in the Black Market despite the seasonal pressure that typically drives rapid price jumps.
Economic Impact for Nigerians
Today’s exchange rate environment has direct implications for businesses, households, and retailers:
Positive Outcomes
-
Predictable pricing for December retail stock
-
Lower imported inflation, especially for electronics and household goods
-
Clearer cost management for travel and tuition payments abroad
-
Reduced volatility, supporting SME cash-flow planning
Challenges Still Present
-
Limited access to official FX channels sustains reliance on the parallel market
-
Import-dependent sectors may see rising costs if supply weakens
-
Inflation risk remains, tied closely to foreign exchange market trends
Market stakeholders emphasize that continued liquidity is essential to maintain rate stability through the mid-December remittance surge.
Market Outlook — December Forecast
Analysts project that the Naira will likely remain within the ₦1,450 – ₦1,472 range through the second week of December. The currency’s performance will be influenced by:
-
Diaspora remittance inflows
-
Oil price stability above $85 per barrel
-
CBN’s FX window activity
-
Travel-related demand surges
-
Last-minute import payments
The most significant remittance inflow period typically spans December 15–28, which may temporarily support Naira stability in the Black Market.
Conclusion
The Dollar to Naira Black Market exchange rate today, Wednesday, December 10th 2025, is:
For accurate daily updates on the Dollar to Naira exchange rate, Nigerians rely on:
Naijaonpoint
Aboki Forex
Central Bank of Nigeria
As December demand accelerates, all eyes will remain on supply trends and remittance flows which continue to be the strongest stabilizing forces in the Black Market FX environment.