Nigeria Today's Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 31 December 2025

Key points:

Official CBN (NAFEM) Rate: ₦1,445.68 / USD
Black-Market Rate: ₦1,480 / USD
Drivers: Persistent market demand pressure outweighing Central Bank of Nigeria (CBN) interventions; Lingering investor apprehension following recent security operations; An additional $50 million in CBN FX sales to banks this week.
Top Tools: CBN Forex, Aboki Fx

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The Naira weakened at the official market on Tuesday, December 30, despite ongoing CBN interventions. This highlights that direct dollar sales, while supportive, are currently insufficient to fully counteract market demand and underlying investor sentiment as the year ends.

FAQ

• What's the gap between CBN & black-market rates? The premium remains wide at approximately ₦34.32. The static parallel market rate, combined with a weaker official rate, indicates that high demand continues to sustain a significant spread between the two markets.
• Will the naira strengthen soon? Year-end pressures and mixed sentiment are likely to persist. A significant strengthening would require either a substantial increase in autonomous dollar inflows (e.g., from oil or remittances) or a more pronounced shift in market confidence to complement the CBN's sales.
• How do oil prices affect rates? As the primary source of reserves, stable oil revenue is essential for the CBN's ability to continue its interventions. The current depreciation shows that even with active central bank supply, other factors like investor sentiment and peak seasonal demand can exert stronger immediate pressure on the exchange rate.