Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 12 December 2025

Key points:

Official CBN (NAFEM) Rate: ₦1,456.07 / USD
Black-Market Rate: ₦1,470 / USD
Drivers: Intensifying seasonal FX demand for festive period payments; Continued CBN market interventions to manage volatility; Absence of significant non-seasonal inflows from corporates and exporters.
Top Tools: CBN Forex Portal, Aboki Fx

The Naira edged lower in the official market on Thursday due to persistent festive season demand, while the parallel market held steady. Traders anticipate the currency will remain range-bound, likely trading between ₦1,445 and ₦1,460 in the near term.

FAQ
What’s the gap between CBN & black-market rates? The spread remains steady at approximately ₦14, indicating the central bank's interventions are helping to contain volatility despite seasonal pressures.
Will the naira strengthen soon? A significant immediate appreciation is unlikely due to high seasonal demand. The expectation is for range-bound trading, balanced by CBN dollar sales and steady remittance inflows.
How do oil prices affect rates? While a core macroeconomic factor, the current slight depreciation is more directly tied to predictable end-of-year import demand outpacing other sources of FX inflow.