Nigeria Today's Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 23 December 2025

Key points:

Official CBN (NAFEX) Rate: ₦1,456.56 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: A $150 million Central Bank of Nigeria (CBN) forex intervention sale to authorised dealers; Seasonal dollar demand pressure; First weekly decline in Nigeria's foreign exchange reserves after 25 weeks of consecutive growth.
Top Tools: CBN Forex Portal, Aboki Fx

The Naira opened the week with a notable appreciation at the official market on Monday, gaining nearly ₦8 against the US Dollar. This rebound follows a CBN intervention aimed at easing pressure, even as external reserves saw their first decline since June.

FAQ

• What's the gap between CBN & black-market rates? The premium widened to approximately ₦28.44, as the parallel market rate held steady despite the official market's gain, indicating persistent underlying demand pressure.
• Will the naira strengthen further? The CBN's active intervention provides support, but mixed signals, including falling reserves and steady parallel market rates, suggest continued volatility. Further strength will depend on sustained CBN supply and a material increase in autonomous inflows.
• How do oil prices affect rates? Oil revenue is critical for reserve accumulation. The first reserve decline in over six months highlights how sustained CBN interventions to defend the Naira can draw down reserves, even with stable oil prices, if other inflows are insufficient.