Dollar to Naira Exchange Rate Today (Official & Black Market Rates) – December 8, 2025

The Nigerian Naira opened the new week on a relatively stable note against the US Dollar across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market. Data tracked on Monday, December 8, 2025, shows that pricing trends remained closely aligned with the levels recorded at the end of last week.

Official Market Rate Shows Stability

At the NFEM window, the indicative exchange rate stood at ₦1449.84 per dollar as of Monday morning. This reflects a steady performance supported by recent monetary and liquidity actions introduced by the Central Bank of Nigeria. These measures appear to be helping the market maintain calm despite persistent demand pressures.

Analysts note that liquidity in the NFEM remains tight, a situation that typically exposes the market to rapid fluctuations. However, the current rate suggests the Naira is holding firm even under constrained supply conditions.

Parallel Market Still Trading at a Premium

In the parallel market, where many informal and small-scale business transactions take place, the Naira continued to trade at a premium above the official rate. Reports from major trading hubs in Lagos and Abuja indicate that dealers were exchanging the dollar at ₦1480 to ₦1490.

The gap between the official and parallel market rates remains a major talking point among businesses and investors. This divergence often encourages speculation, limits the effectiveness of monetary policy, and discourages foreign exchange inflows through formal channels.

Outlook as Year-End Approaches

With the year nearing its close, market analysts expect close monitoring from stakeholders as policy decisions, foreign exchange supply levels, and seasonal demand could influence short-term rate movements. Any major adjustment in liquidity or regulatory actions may trigger reactions across both the official and informal markets.