Naira to Dollar official & black market rates today, Wednesday, December 24, 2025
The Nigerian naira opened trading on Christmas Eve with mild movements against the United States dollar across both official and informal foreign exchange markets.
Data from the Nigerian Foreign Exchange Market (NFEM) and Bureau De Change (BDC) operators on December 24, 2025, indicate that the currency remains largely stable despite seasonal pressure from holiday demand.
Performance at the Official Market
At the official trading window, the naira exchanged at an average rate of ₦1,453.70 to the dollar in early dealings.
Market records show that the currency initially weakened to ₦1,460.75 before strengthening as liquidity conditions improved during the session.
This marked a slight appreciation from Tuesday’s closing rate of ₦1,461.50 at the NFEM.
The Central Bank of Nigeria continues to oversee market activities, with the mean exchange rate hovering around the ₦1,454 level.
Traders say the usual festive spike in travel and corporate demand has been cushioned by steady interventions and stronger diaspora remittance inflows.
Dollar Rates at the Parallel Market
In the parallel, or black market, the dollar continued to trade at a premium over the official rate.
BDC operators in Lagos and Abuja quoted buying rates between ₦1,465 and ₦1,475, while selling prices ranged from ₦1,480 to ₦1,490 per dollar.
Analysts note that the margin between the two markets remains relatively tight, reflecting ongoing efforts by authorities to align exchange rates.
However, demand remains strong in the informal market, driven by retail buyers seeking quick access to foreign currency for holiday-related spending.
Outlook for the Naira
The naira’s relative calm in the final week of 2025 contrasts with the sharp volatility recorded during similar periods in previous years.
Financial experts attribute the stability to improved supply-demand balance and greater transparency in price discovery at the NFEM.
Looking ahead, market watchers expect the exchange rate to remain within the ₦1,450 to ₦1,500 range, barring unexpected global economic developments.
