Naira to Dollar official & black market rates today, Monday, December 29, 2025
The Nigerian naira traded on a steady note against the US dollar in the informal foreign exchange market on Monday, supported by sustained end-of-year remittance inflows that offset moderate holiday-related demand for dollars.
As of Monday, December 29, 2025, the dollar exchanged at ₦1,465 to buy and ₦1,475 to sell in the black market, according to verified quotations from Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kano and other major trading centres.
Market Conditions at Year End
The final week of the year often brings a shift in foreign exchange dynamics. While travel and holiday spending remain active, much of December’s dollar demand has already been met.
At the same time, steady inflows from Nigerians in the diaspora sending money home for New Year celebrations have helped improve liquidity, keeping prices within a narrow range.
Dollar–Naira Rate Movement
Compared with last Friday, December 26, when the dollar traded at ₦1,460 to buy and ₦1,470 to sell, the naira recorded a marginal depreciation of ₦5 at both ends of the market.
Most transactions on Monday were completed near the selling rate, as individuals and businesses settled final overseas payments ahead of the New Year.
Drivers of the Current Exchange Rate
Market operators attribute the stable pricing to several factors. Holiday travel continues to support retail dollar demand, while strong remittance inflows from the United States, United Kingdom, Canada and Europe have improved supply.
In addition, most importers have completed major payments for 2025, reducing wholesale demand. Traders also report fewer speculative activities, alongside balanced buyer-seller interactions.
Confidence has further been supported by global crude oil prices remaining above $85 per barrel, which underpins Nigeria’s external earnings outlook.
Implications for Businesses and Households
The current exchange rate offers some relief for households making late foreign currency purchases, as improved supply has reduced the risk of sudden price spikes.
However, businesses that rely on imported inputs continue to face high costs, while broader inflation risks remain if exchange rate stability weakens in early 2026.
Outlook
Analysts expect the naira to trade within a tight range through the final days of 2025, supported by holiday-period remittance inflows and reduced business activity.
In the near term, the market is projected to trade between ₦1,460 and ₦1,480 per dollar.
Key factors to watch include the strength of New Year remittances, the resumption of import demand in January, oil price movements and any foreign exchange interventions by the Central Bank of Nigeria.
For now, the balance between remittance inflows and seasonal demand continues to keep the naira relatively stable in the black market.
