- Dollar To Naira Exchange Rate Today, December 13, 2025
- Black market rate closes near ₦1,489 per dollar
- CBN maintains narrow official exchange rate band
The dollar to naira exchange rate remained relatively stable across the official and parallel markets on Saturday, December 13, 2025, reflecting ongoing efforts by monetary authorities to manage pressure on the local currency.
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EKO HOT BLOG reports that In the black market, also known as the parallel market, traders reported a slight moderation in rates compared with earlier in the week. Demand for foreign exchange remained strong, driven largely by importers, overseas school fees, medical expenses, and travel related needs. However, supply from informal sources appeared steady, helping to limit sharp fluctuations.
At the official window, the Central Bank of Nigeria continued to maintain a managed exchange framework. The CBN rates showed a narrow trading band, indicating cautious stability amid broader economic adjustments and foreign exchange reforms.
Below is the dollar to naira exchange rate for today:
| Dollar to Naira (USD to NGN) | Rate |
|---|---|
| Black Market Buying Rate | ₦1480 |
| Black Market Selling Rate | ₦1489 |
| CBN Lowest Rate | ₦1453 |
| CBN Highest Rate | ₦1458 |
Market analysts say the gap between the official and black market rates, though still present, has reduced compared to previous months. They attribute this to improved forex liquidity, tighter regulatory oversight, and gradual confidence returning to the foreign exchange market.
For Nigerians who rely on dollar transactions, experts advise monitoring daily movements closely, as rates remain sensitive to global oil prices, external reserves, and domestic economic policies.
