Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 15 December 2025

Key points:
Official CBN (NFEM) Rate: ₦1,448.68 / USD
Black-Market Rate: ₦1,449.56 / USD
Drivers: Central Bank of Nigeria (CBN) liquidity management; High benchmark Monetary Policy Rate (MPR) at 27.00%; Early stages of anticipated year-end corporate and personal FX demand.
Top Tools: CBN Forex Portal, Aboki Fx

Your Daily Rate Fix
The Naira showed remarkable stability on Monday, with the official and parallel market rates converging to within a ₦1 premium. This signals a significant achievement in market alignment, driven by regulatory efforts and tight liquidity management ahead of typical festive season pressures.

FAQ

What’s the gap between CBN & black-market rates? The premium is exceptionally narrow, at less than ₦1, indicating a high level of convergence between the official and parallel markets, a key policy goal of the monetary authorities.
Will the naira strengthen soon? The immediate outlook is for sustained stability within a tight range. The true test will come with the expected surge in year-end foreign exchange demand, which could apply fresh pressure on the currency.
How do oil prices affect rates? As the primary source of FX earnings, stable or rising oil prices are fundamental to maintaining external reserves. However, current near-zero market premiums are more directly a result of successful CBN market interventions and liquidity controls.