Naira to Dollar official & black market rates today, Friday, December 19, 2025
The Nigerian Naira continued to show fluctuations against the United States Dollar as trading opened on Friday, December 19, 2025.
Market data indicates a slight narrowing of the gap between official and parallel market rates.
Official Market Performance
In the Nigerian Foreign Exchange Market (NFEM), the Naira opened at around N1,455.98 per $1.
This follows a week of volatility, during which the currency hit a high of N1,458 before stabilising slightly toward the weekend.
Market turnover remained steady as the Central Bank of Nigeria (CBN) continued efforts to manage liquidity and curb excessive speculation in the official window.
Parallel Market Trends
In the unofficial market, often referred to as the black market, the dollar maintains a premium over the official rate.
Reports from Bureau De Change operators in Lagos and Abuja indicate that the dollar is trading between N1,720 and N1,745, depending on transaction volume and location.
Despite the persistent spread, traders noted that demand for holiday-related imports is beginning to stabilise, providing some relief for the local currency.
Drivers of the Naira’s Performance
Several factors are influencing the Naira’s movements:
Liquidity Interventions: The CBN continues to provide foreign exchange for legitimate end-users.
Oil Revenues: Changes in global crude oil prices continue to impact Nigeria’s foreign reserves.
Holiday Demand: Seasonal surges in travel and retail demand are affecting currency pressure.
Market analysts predict that the Naira is likely to remain within this range until the end of the year, unless there is a major policy shift or a significant spike in global oil prices.
