Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 18 December 2025

Key points:

Black-Market Rate: ₦1,475 / USD
Drivers: A 15% weekly drop in overall FX market inflows; Absence of an immediate CBN supply intervention to offset reduced dollar inflows from exporters and foreign investors; External reserves at a supportive $45.47 billion.
Top Tools: CBN Forex Portal, Aboki Fx

The Naira depreciated at the official market on Wednesday, pressured by thin dollar inflows and the absence of a fresh CBN intervention. Despite the drop, the currency is expected to maintain its trading range, supported by high external reserves and anticipated seasonal inflows.

FAQ

• What’s the gap between CBN & black-market rates? The spread widened slightly to approximately ₦19.51, reflecting the immediate pressure from reduced supply in the official window.
• Will the naira strengthen soon? Near-term stability within a range is the expectation. The currency's trajectory will depend on the materialization of anticipated "Detty December" remittance inflows and potential CBN market interventions to bolster supply.
• How do oil prices affect rates? While high oil revenue supports the record external reserves, the immediate pressure on the Naira is a liquidity issue within the FX market, driven by a weekly decline in inflows from other key sources like exporters and foreign investors.