The Nigerian Naira opened the new trading week under increased pressure in the informal foreign exchange market as festive-season demand reached a critical phase.
As of Monday, December 15th 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,468 per dollar for buying and ₦1,478 per dollar for selling, according to pricing obtained from Bureau De Change (BDC) operators in Lagos, Abuja, Kano, Port Harcourt, and other major FX trading centres.
Mid-December is historically one of the busiest periods for dollar demand in Nigeria. Importers, travelers, families paying tuition abroad, and businesses settling year-end obligations are all active in the market. Despite these pressures, traders say liquidity remains available, although pricing has adjusted upward to reflect stronger demand.
Rates monitored through market intelligence reports from Investors King and daily dealer updates tracked on Aboki Forex.
The Dollar to Naira Black Market exchange rate today is trading within the ₦1,468 – ₦1,478 range across key commercial locations. Dealers say most transactions are closing near the selling rate as buyers rush to secure dollars ahead of Christmas travel and final import settlements.
For those seeking official FX benchmarks and regulated exchange-rate information, the Central Bank of Nigeria remains the authoritative source:
Central Bank of Nigeria
Several factors are combining to push rates higher in the Black Market at this point in December:
Airline ticket purchases, hotel bookings, and travel expenses are driving increased retail FX demand.
Many businesses are making final payments to overseas suppliers before closing their 2025 books.
Families supporting students abroad and overseas medical care are sourcing dollars in larger volumes.
Some traders are holding dollars temporarily in anticipation of further pressure closer to Christmas.
Diaspora remittances are rising, but demand is currently outpacing supply, leading to mild upward adjustments.
BDC operators note that while demand is intense, the market has not experienced panic buying or supply shortages.
The current movement in the Dollar to Naira Black Market has wide-reaching implications:
Economists warn that while seasonal pressure is expected, prolonged weakness could impact consumer prices in early 2026.
Analysts expect the Naira to remain under pressure through the Christmas period, with the most intense demand likely between December 18th and 23rd. However, strong remittance inflows from the United States, United Kingdom, Canada, and Europe could provide support toward the final week of the year.
The Dollar to Naira Black Market exchange rate today, Monday, December 15th 2025, stands at:
For reliable daily updates and detailed market analysis, Nigerians continue to rely on trusted sources such as:
Investors King
Aboki Forex
Central Bank of Nigeria
As Nigeria enters the most active week of the festive season, the Naira’s performance in the Black Market will remain a key indicator of market confidence and liquidity conditions.
