Dollar to Naira Rate For Today December 7, 2025

Dollar to Naira Rate For Today December 7, 2025
Dollar demand stays strong as limited liquidity keeps the naira under pressure
Import costs may rise as FX shortages widen the gap between market rates.

The exchange rate between the U.S. dollar and the Nigerian naira remains under pressure as demand for foreign currency continues to rise.

Contents

What’s Behind The Rates
What This Means for Nigerians

FURTHER READING

EDITOR’S PICKS

EKO HOT BLOG reports that the divergence between official and parallel-market rates persists, reflecting ongoing foreign-exchange supply constraints and high demand.

Market	₦ per USD
Official (NFEM / mid-market)	₦1,449.67
Parallel (Black Market) Typical Range	₦1,472 – ₦1,485

What’s Behind The Rates

The official rate reflects trades on the Nigerian Foreign Exchange Market (NFEM), where liquidity remains limited but stable, keeping the naira around ₦1,449–₦1,450 per dollar.
On the black market, the naira trades at significantly higher rates — between ₦1,472 and ₦1,485 per dollar — as many buyers rely on informal channels due to shortage of dollar supply in official windows.
The gap between markets underlines persistent pressure from foreign-exchange demand for imports, remittances, and travel, with limited FX flow into the official system.

What This Means for Nigerians

Importers and import-dependent businesses: Those needing dollars for purchasing goods abroad will likely pay more if sourcing through black-market channels. Budgeting should assume rates closer to the upper band (₦1,470–₦1,490).
Travelers and remitters: Official bank conversions remain cheaper (~₦1,449), but limited dollar supply may force many to rely on parallel rates increasing costs.
Everyday consumers: As dollar-denominated import costs rise, prices of imported goods (electronics, fuel, pharmaceuticals) may climb, further squeezing purchasing power.
Businesses with foreign obligations: Firms repaying foreign-currency loans or sourcing foreign-priced inputs face heavier naira costs, affecting cash flow and pricing.