Dollar to Naira Exchange Rate Today December 24 2025

Dollar to Naira Exchange Rate Today December 24 2025
Black market rate remained higher than official CBN rate.
Demand pressure continued ahead of year end activities.

The dollar to naira exchange rate remained under close watch on Tuesday December 24 2025 as businesses traders and individuals continued to monitor movements across the foreign exchange market.

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EKO HOT BLOG reports that the naira maintained a cautious position against the United States dollar amid sustained demand pressure and tight dollar liquidity.

In the parallel market commonly known as the black market the naira traded within a narrow range. Currency dealers reported relative stability compared with recent volatility although demand for dollars remained strong ahead of the festive season and year end transactions.

Dollar to Naira Exchange Rate Table

Dollar to Naira (USD to NGN)	Exchange Rate
Black Market Selling Rate	₦1477
Black Market Buying Rate	₦1475
CBN Highest Rate	₦1455
CBN Lowest Rate	₦1447

At the official market the Central Bank of Nigeria recorded lower rates than the parallel market. The highest exchange rate stood at ₦1455 while the lowest rate closed at ₦1447 reflecting the continued gap between official and street rates.

Market analysts say the difference between both markets remains driven by limited forex supply rising import demand and cautious investor sentiment. Many importers and small businesses still rely on the black market to meet urgent dollar needs despite regulatory efforts to stabilise the naira.

Experts advise Nigerians to track exchange rates daily and use official channels where possible. They also expect modest fluctuations in the coming days as year end demand persists and policy interventions continue.