Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 17 December 2025

Key points:

Official CBN (NAFEX) Rate: ₦1,451.82 / USD
Black-Market Rate: ₦1,475 / USD
Drivers: CBN intervention of $250 million to bolster dollar supply; Significant drop in inflation from 16.05% (Oct) to 14.45% (Nov); Declining overall FX market inflows from the previous week.
Top Tools: CBN Forex Portal, Aboki Fx

The Naira traded flat across all FX windows on Tuesday as the CBN's supply injection of $250 million helped ease pressure. The premium between official and parallel markets narrowed significantly to about ₦30, a sign of improving market convergence.

FAQ

• What’s the gap between CBN & black-market rates? The spread has narrowed to approximately ₦30, down from about ₦45 the previous week, reflecting the impact of the central bank's supply intervention.
• Will the naira strengthen soon? Positive indicators like falling inflation and active CBN interventions create a supportive environment. However, continued pressure may persist if overall FX inflows remain subdued, as seen in the recent weekly decline.
• How do oil prices affect rates? While crucial for long-term reserves, the immediate stability is driven by direct CBN actions to manage liquidity, such as the recent $250 million supply to banks, which is cushioning the currency against demand pressures.