The Nigerian Naira weakened slightly against the United States Dollar in the informal foreign exchange market on Wednesday as Christmas-eve demand intensified across major commercial centres.
As of Wednesday, December 24th 2025, the Dollar to Naira Black Market exchange rate stood at ₦1,465 per dollar for buying and ₦1,475 per dollar for selling, based on verified quotations from Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kano, and other key FX hubs.
The final days before Christmas traditionally generate one of the strongest demand cycles of the year, driven by international travel, last-minute imports, tuition payments, and overseas remittances. While supply from Nigerians abroad has been rising, it has not fully offset the spike in festive demand, resulting in today’s modest upward adjustment.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Wed, Dec 24, 2025 | Black Market | 1,465 | 1,475 | +₦10 ▲ |
| Tue, Dec 23, 2025 | Black Market | 1,455 | 1,465 | — |
| Official Rate (CBN) | — | — | — | See https://www.cbn.gov.ng |
Rates compiled from daily market checks and verified through pricing 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 ₦1,465 – ₦1,475 range. Most transactions are closing near the selling price as buyers rush to complete travel, tuition, and holiday-related foreign currency purchases ahead of Christmas Day.
BDC operators say liquidity remains available, but demand is currently at one of its highest points for the year. Many households are making last-minute overseas transfers, while businesses are finalising foreign payments before the year-end slowdown.
For official exchange-rate benchmarks and bank-based FX transactions, the Central Bank of Nigeria remains the authoritative reference point:
https://www.cbn.gov.ng
What Is Driving Today’s Exchange Rate Movement
Several powerful seasonal and market-specific forces are shaping today’s pricing in the Black Market:
🔹 Peak Holiday Travel and Spending
Thousands of Nigerians are travelling abroad for Christmas and New Year, driving strong retail FX demand for air tickets, accommodation, and living expenses.
🔹 End-of-Year Import Settlements
Businesses are clearing remaining overseas supplier payments before the financial year closes.
🔹 Tuition and Family Support Abroad
Parents and guardians are sending funds to students and relatives overseas ahead of the holiday season.
🔹 Strong Remittance Inflows
Diaspora remittances from the United States, United Kingdom, Canada, and Europe have risen sharply this week, helping to prevent sharper depreciation.
🔹 Reduced Speculative Trading
Unlike earlier volatile periods, speculative hoarding remains limited, keeping pricing relatively orderly despite heavy demand.
These factors explain why the Naira weakened modestly rather than experiencing a sharp spike.
Economic Impact on Nigerians
The current Black Market rate affects multiple parts of the economy:
Positive Signals
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Dollar availability remains adequate despite high demand
-
Businesses can still source FX without extreme volatility
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Remittances are helping stabilise the market
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Market confidence is stronger than in earlier months
Challenges
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Import-dependent goods may see higher prices in January
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SMEs face rising input costs
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Households making late FX purchases pay more
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Continued reliance on the parallel market highlights official FX access constraints
Economists note that while the Christmas-eve increase is expected, sustained stability will depend on continued dollar inflows after the holidays.
Market Outlook
Analysts expect FX demand to remain elevated through December 26th, after which trading activity typically slows. Strong remittance inflows in the final week of the year may help the Naira regain some ground.
Projected short-term trading range: ₦1,460 – ₦1,480 per dollar
Key factors to monitor include:
-
Post-Christmas remittance volumes
-
January import pre-financing
-
Oil price stability
-
Any FX liquidity actions from the CBN
Conclusion
The Dollar to Naira Black Market exchange rate today, Wednesday, December 24th 2025, stands at:
-
₦1,465 per dollar for buying
-
₦1,475 per dollar for selling
For accurate daily FX updates and market analysis, Nigerians rely on trusted platforms such as:
https://investorsking.com
https://abokiforex.app/
https://www.cbn.gov.ng
As Nigeria enters the peak of the festive season, the balance between strong holiday demand and rising diaspora inflows will continue to shape Naira performance in the Black Market.