Nigeria Today’s Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 4 December 2025

Key points:
Official CBN Rate: ₦1,445.54 / USD
Black-Market Rate: ₦1,468 / USD
Drivers: CBN holding interest rates at 27% to fight inflation; Seasonal "Detty December" diaspora inflows; Rising external reserves providing a buffer.
Top Tools: CBN Forex, FMDQ FX, Aboki FX

The Naira shows resilience, with a narrow gap of about 1.5% between the official and parallel market rates as improved FX liquidity and strong external reserves support stability. The Central Bank's decision to maintain a tight monetary policy aims to lock in gains from declining inflation.

FAQ

What’s the gap between CBN & black-market rates? The premium is compressed to approximately 1.5%, a significant improvement from previous years, reflecting greater confidence in the official market.
Will the naira strengthen soon? Prospects are cautiously optimistic, supported by high reserves, continued disinflation, and expected seasonal inflows, though the CBN is prioritizing stability over rapid appreciation.
How do oil prices affect rates? While improved oil exports help, current stability is also driven by diversified inflows from remittances, non-oil exports, and renewed foreign investor interest