The dollar to naira exchange rate continued to reflect pressure in both the official window and the parallel market today, with traders reporting increased demand for foreign currency despite ongoing efforts by monetary authorities to stabilise the market.
Many buyers in the black market say supply remains tight, leading to slight adjustments in trading activity across major hubs.
In the black market, the dollar traded between ₦1460 and ₦1475, while the Central Bank of Nigeria’s official rate remained relatively lower. Below is the full breakdown of today’s rates for both markets.
Dollar to Naira Rates for 2 December 2025
The gap between the official and parallel markets continues to influence trading behaviour, as many importers and small businesses still rely heavily on the black market due to limited access to official forex channels. Analysts say narrowing this gap remains key to improving market confidence and reducing speculative pressure.
Individuals planning international payments or remittances are advised to verify rates from credible sources, as prices may vary across locations. Market watchers expect moderate fluctuations through the week as global currency trends and domestic demand continue to shape the exchange environment.
