Dollar to Naira Exchange Rate Today, December 11, 2025: Official and Black Market Update

The Nigerian foreign exchange market maintained a steady outlook today, Thursday, December 11, 2025, as the Dollar to Naira exchange rate showed minimal fluctuations across key trading windows. The narrowing gap between the official market rate and the black market rate continues to reflect stronger confidence in Nigeria’s monetary environment.

Official Market (NFEM) Update

Data from the Nigerian Foreign Exchange Market shows the Naira trading at ₦1,451.86 per US Dollar, a level it has maintained within the ₦1,450 to ₦1,452 range throughout the week. This stability is supported by improved liquidity conditions and reduced intraday volatility.

Analysts note that sustained foreign capital inflows — which have surpassed $20 billion year-to-date — combined with recent reforms in the Bureau de Change framework, have contributed to the calmer market conditions. The Central Bank of Nigeria’s measures aimed at tightening oversight of currency traders have also helped drive the current momentum.

Black Market Exchange Rate

In the parallel market, the Dollar is now trading at ₦1,475 for buying and ₦1,490 for selling. Market trackers indicate that the difference between the black market rate and the official rate has narrowed significantly, hovering around ₦35 to ₦40.

This convergence signals improved market transparency and a decline in arbitrage activities, aligning with the CBN’s broader reforms targeted at stabilizing the Naira.

Key Exchange Rates Today

Official Market (NFEM): ₦1,451.86 / $1
Black Market Buying Rate: ₦1,475 / $1
Black Market Selling Rate: ₦1,490 / $1
Pound Sterling (Black Market): ₦1,970 / £1
Euro (Black Market): ₦1,725 / €1

Market Outlook

Currency stability in December 2025 is further supported by Nigeria’s external reserves, which have grown to approximately $45.3 billion. Although demand for foreign currency typically increases toward the holiday season, the current liquidity levels and the CBN’s strong regulatory stance appear to be cushioning the Naira from sharp depreciation.

Economists are keeping an eye on global developments, especially upcoming interest rate decisions by the US Federal Reserve. A softer US Dollar could create additional support for emerging market currencies, including the Naira, in the coming weeks.