Dollar–Naira Exchange Rate Update For December 9, 2025

According to Ireporter Online, the exchange rate between the U.S. dollar and the Nigerian naira remained volatile on Monday, December 8, 2025, as activity intensified across the Lagos parallel market. Dealers in the black market indicated that the dollar was sold at ₦1,490 and purchased at ₦1,480, reflecting sustained demand for the U.S. currency.

Market operatives at various Bureau De Change outlets confirmed the figures, noting that rates continue to shift based on daily market pressures. Despite the popularity of the parallel market among individuals seeking foreign currency, financial authorities have repeatedly emphasized that the Central Bank of Nigeria does not acknowledge the black-market window. The apex bank has continued to advise those needing foreign exchange to process their requests through recognized banking institutions.

At the official market, the CBN recorded a trading range between ₦1,450 and ₦1,457 to the dollar. However, analysts noted that the prices accessible to buyers and sellers may vary depending on location, demand, and negotiating conditions.