Dollar–Naira Exchange Rate Update For December 15, 2025

Market checks at major Bureau De Change operators in Lagos indicate that the dollar was sold at ₦1,482, while buyers exchanged the greenback at ₦1,475 in the parallel market. These rates highlight the persistent premium of the black market over official benchmarks.

Meanwhile, data from the Central Bank of Nigeria (CBN) show that the official exchange window recorded the dollar at a high of ₦1,458 and a low of ₦1,453. The apex bank has consistently maintained that it does not recognize transactions conducted in the parallel market, advising individuals and businesses seeking foreign exchange to route their requests through licensed banks.

Analysts note that foreign exchange rates often vary across locations and dealers, meaning actual buying or selling prices may differ slightly from published figures, depending on market dynamics and demand at the point of transaction.