- Dollar to Naira Exchange Rate Today Wednesday 17 December 2025
- Black market rate stood at ₦1480 buying and ₦1487 selling.
- CBN rate stayed lower than parallel market figures.
The dollar to naira exchange rate remained largely stable on Wednesday, December 17, 2025, as the foreign exchange market continued to react to sustained demand for the United States dollar.
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EKO HOT BLOG reports that traders say import related demand and limited dollar supply are still shaping movements across both official and parallel markets.
At the black market, also known as the parallel market, the naira traded within a narrow band, reflecting cautious sentiment among currency dealers. Despite ongoing monitoring by regulatory authorities, the demand for dollars from businesses, travellers and students continues to place pressure on the local currency.
Below is the exchange rate table for today.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1487 |
| Buying Rate | ₦1480 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1455 |
| Lowest Rate | ₦1450 |
At the official market, the Central Bank of Nigeria recorded lower exchange rates compared to the black market. The persistent gap between both markets reflects ongoing challenges around foreign exchange inflows, reserve management and market confidence.
Financial analysts advise Nigerians to stay updated with daily exchange rate movements, noting that rates can shift quickly based on policy signals, global oil prices and international economic developments. Businesses involved in foreign transactions are also encouraged to plan carefully amid continued forex volatility.
