Dollar to Naira Exchange Rates Today

Dollar to Naira Exchange Rates Today — 11 December 2025
Official CBN exchange rates held between ₦1,420 and ₦1,430 per dollar.
Rate differences reflect ongoing foreign exchange supply and demand pressures.

The Nigerian naira traded with slight variations against the US dollar on Thursday, 11 December 2025, according to data from both the parallel market and the Central Bank of Nigeria (CBN).

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EKO HOT BLOG reports that Forex market participants in Lagos and other major commercial hubs reported that demand for foreign exchange remained firm in the black market, while rates in the official CBN window showed a narrower spread, reflecting ongoing efforts to stabilise the currency.

In the parallel (black) market, the dollar continued to trade at levels significantly above official rates, driven by sustained demand from travellers, importers, and small business operators. Meanwhile, rates in the official CBN window reflected a modest daily shift within the approved band.

Dollar to Naira Exchange Rates — 11 December 2025

In the black market, the dollar was quoted around ₦1,479 (buying) and ₦1,485 (selling), indicating active trading interest at these levels. In the official forex window, rates ranged from ₦1,420 to ₦1,430 per dollar, showing relative stability within the CBN’s permitted band.

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Analysts say the discrepancy between black market and official rates continues to reflect ongoing structural challenges in Nigeria’s forex markets, where limited dollar liquidity and competing demand pressures influence pricing. Traders are watching for central bank interventions and global economic indicators that could impact the naira’s performance in the coming days.