Dollar To Naira Exchange Rate Today, December 22, 2025

Dollar To Naira Exchange Rate Today, December 22, 2025
Black market rates stayed above official CBN figures.
Forex supply challenges continue to pressure the currency.

The naira continued to trade under pressure against the United States dollar on Monday, December 22, 2025, across both the official and parallel foreign exchange markets, reflecting persistent demand for forex amid limited supply.

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EKO HOT BLOG reports that Checks from market operators show that the dollar remained significantly stronger at the black market, commonly referred to as the parallel market, where traders quoted higher exchange rates compared to the Central Bank of Nigeria official window.

Currency dealers attributed the sustained gap between the official and black market rates to ongoing demand from importers, businesses and individuals seeking dollars for international transactions, school fees and travel, with supply still lagging behind demand.

Dollar to Naira Black Market Rate Today
Selling Rate	₦1495
Buying Rate	₦1489

Dollar to Naira CBN Rate Today
Highest Rate	₦1469
Lowest Rate	₦1460

At the official market, data from the Central Bank of Nigeria indicated that the naira traded within a narrower band, with the dollar exchanging at a lower rate compared to the black market. Analysts say the difference continues to encourage arbitrage and speculative trading.

Despite ongoing efforts by monetary authorities to stabilise the forex market through policy adjustments and interventions, the naira remains exposed to external pressures, including global dollar strength and Nigeria’s import dependent economy.

Market watchers note that improved dollar inflows from exports, diaspora remittances and foreign investments could help narrow the exchange rate gap and strengthen the naira in the coming weeks.