- Dollar to Naira Exchange Rate Today, December 25
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Black market rates remained above official CBN levels.
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Forex demand stayed strong during the Christmas period.
The exchange rate between the United States dollar and the Nigerian naira remained relatively stable on Wednesday, December 25, reflecting sustained pressure on the local currency amid strong demand for foreign exchange during the Christmas holiday period.
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EKO HOT BLOG reports that Checks across major forex hubs show that activity in the parallel market remained steady, with traders maintaining rates amid limited dollar supply and increased demand from travelers, importers, and individuals meeting end of year obligations.
As of today, December 25, the exchange rates are as follows:
| Dollar to Naira Rates | Amount |
|---|---|
| Black Market Buying Rate | ₦1467 |
| Black Market Selling Rate | ₦1475 |
| CBN Highest Rate | ₦1455 |
| CBN Lowest Rate | ₦1435 |
The Central Bank of Nigeria rates continue to trade below the parallel market figures, reflecting the persistent gap between official and unofficial foreign exchange windows. Analysts attribute this difference to supply constraints and unmet demand through official channels.
Market observers say the naira has avoided sharp fluctuations in recent days, but underlying pressures remain. Factors such as import dependence, foreign debt obligations, and capital flow patterns continue to influence the forex market outlook.
Currency traders advise Nigerians to monitor rates closely, particularly during the festive season, as demand for dollars typically rises around year end.
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