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Dollar to Naira Rate Today, December 21, 2025
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Black market dollar rate hovers around ₦1,500 per $1.
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FX scarcity keeps parallel rate above official figures.
The Nigerian naira continued to trade weakly against the United States dollar on Sunday as foreign exchange pressure remained high across markets.
At official venues like the Nigerian Foreign Exchange Market (NAFEX) and interbank platforms, the dollar was exchanging around ₦1,460 to ₦1,465 per $1, reflecting sustained volatility and limited dollar supply in formal FX windows.
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EKO HOT BLOG reports that in the black market (parallel market) where most informal foreign exchange transactions occur, the dollar was trading higher at approximately ₦1,500 per $1, according to street exchange trackers.
Dollar to Naira Exchange Rates Today
| Market Segment | Rate (₦ per $1) |
| Official/Interbank | ~ ₦1,460 – ₦1,465 |
| Parallel/Black Market | ~ ₦1,500 |
Analysts say the persistent gap between official and parallel market rates continues to reflect tight dollar supply and high demand from importers, businesses, and individuals settling year-end obligations. The black market rate remains significantly higher than official figures due to limited access to formal allocations and ongoing FX scarcity.
Forex dealers noted that the week’s trading saw the dollar range roughly between ₦1,471 and ₦1,482, indicating continued fluctuation in the naira’s value against the greenback.
Traders expect the naira to remain under pressure in the coming days as corporate and individual dollar demand rises ahead of Christmas and New Year holidays, with little immediate relief in formal forex inflows.
