Dollar to Naira exchange rate today, December 11, 2025

The exchange rate between the Naira and the US Dollar has remained relatively stable across major foreign exchange platforms today, Thursday, December 11, 2025, as the disparity between the official and parallel markets continues to diminish.

Official Market (NFEM)
According to information from the FMDQ Securities Exchange, the Naira is currently trading at approximately ₦1,451.86 per dollar in the Nigerian Foreign Exchange Market (NFEM). This indicates a consistent stability for the local currency, which has remained within the ₦1,450 – ₦1,452 range throughout the week.

Market activity suggests enhanced liquidity, with the intraday high and low rates exhibiting less volatility compared to previous quarters. Analysts credit this stability to ongoing foreign capital inflows, which have recently reached a year-to-date peak of over $20 billion, along with the Central Bank of Nigeria’s (CBN) effective structural reform of the Bureau de Change (BDC) sector.

Parallel Market (Black Market) Rates
In the parallel market, commonly referred to as the black market, the US Dollar is presently trading at an average selling rate of ₦1,490 and a buying rate of ₦1,475.

Data collected from street traders and platforms such as AbokiFX indicates that the gap between the official and parallel market rates has narrowed to approximately ₦35 – ₦40. This convergence serves as a significant indicator of enhanced market efficiency and diminished arbitrage opportunities, which is a primary objective of the CBN’s monetary reforms.

Key Exchange Rates at a Glance
NFEM (Official) Rate: ₦1,451.86 / $1
Black Market Buying Rate: ₦1,475 / $1
Black Market Selling Rate: ₦1,490 / $1
Pound Sterling (Black Market): ₦1,970 / £1
Euro (Black Market): ₦1,725 / €1

Market Outlook
The stability observed in early December 2025 is supported by Nigeria's increasing external reserves, currently estimated at around $45.3 billion. Financial analysts indicate that although the demand for foreign exchange usually surges during the holiday period, the present liquidity conditions and the Central Bank of Nigeria's stringent regulatory measures for Bureau de Change operators are successfully protecting the Naira from significant depreciation.

Investors are maintaining a cautious optimism, with focus shifting to the forthcoming policy decisions of the US Federal Reserve, which may further weaken the dollar on a global scale and provide advantages to emerging market currencies such as the Naira.