Dollar to Naira Exchange Rate Today, December 19, 2025: Official CBN Rate and Black Market Price

The Nigerian naira continued to fluctuate against the United States dollar as trading opened on Friday, December 19, 2025, reflecting ongoing pressure in both the official and parallel foreign exchange markets. Recent data from market operators show that while the gap between the official and unofficial rates has narrowed slightly, the local currency remains under strain amid seasonal demand and broader economic factors.

At the Nigerian Foreign Exchange Market, the naira opened trading at about ₦1,455.98 to one dollar. This represents a modest adjustment following earlier volatility during the week, when the exchange rate briefly moved close to ₦1,458 before easing. Market activity remains steady, supported by continued efforts from the Central Bank of Nigeria to manage liquidity, stabilize the market and reduce speculative pressure within the official window.

In the parallel market, commonly referred to as the black market, the dollar continued to trade at a premium over the official rate. Reports from Bureau De Change operators in major cities such as Lagos and Abuja indicate that the dollar is exchanging between ₦1,720 and ₦1,745, depending on transaction size and location. Despite the wide spread between the two markets, traders say demand pressures have eased slightly as year-end import and travel needs begin to stabilize.

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Several factors are influencing the dollar to naira exchange rate today. Ongoing foreign exchange interventions by the Central Bank of Nigeria are aimed at supporting eligible businesses and reducing volatility in the official market. Movements in global crude oil prices continue to affect Nigeria’s foreign exchange earnings and external reserves, while seasonal holiday spending has increased demand for dollars for travel, imports and retail transactions.

Market analysts believe the naira may continue to trade within the current range through the end of the year unless there is a major policy shift or a sharp change in global oil prices. For businesses, investors and individuals monitoring the dollar to naira exchange rate, developments in CBN policy, oil market performance and foreign exchange supply will remain key drivers in the coming weeks.