- Dollar to Naira Exchange Rate Today, Monday, 29th December 2025
- CBN rates remain lower but under sustained pressure.
- Forex demand continues to outpace supply nationwide.
The dollar to naira exchange rate remained under pressure on Monday, December 29, 2025, as demand for foreign exchange continued to outweigh supply across both the official and parallel markets in Nigeria. The persistent gap between the two rates reflects ongoing challenges in forex liquidity and confidence.
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EKO HOT BLOG reports that in the black market, also known as the parallel market, the naira weakened further against the United States dollar. Traders attributed the movement to sustained demand from importers, travellers and businesses seeking quicker access to foreign currency outside official channels.
At the official market, rates published by the Central Bank of Nigeria showed a narrower trading band compared to the parallel market, although pressure on the naira remained evident. The difference between the official and black market rates continues to shape pricing decisions across key sectors of the economy.
| Dollar to Naira Exchange Rate | Rate |
|---|---|
| Black Market Buying Rate | ₦1467 |
| Black Market Selling Rate | ₦1475 |
| CBN Highest Rate | ₦1455 |
| CBN Lowest Rate | ₦1435 |
Currency analysts say the naira’s performance is being influenced by dollar scarcity, rising import bills and cautious investor sentiment. They note that while CBN interventions have helped moderate sharp swings, structural forex demand pressures remain unresolved.
Market watchers expect exchange rate movements to remain volatile in the coming days, especially as year end obligations and international transactions continue to drive dollar demand. Businesses and individuals are advised to monitor rates closely before making forex related decisions.
