Dollar to Naira Exchange Rate Today Monday, December 29, 2025
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The dollar to naira exchange rate today, Monday, December 29, 2025, continues to reflect the persistent structural pressures within Nigeria’s foreign exchange market. The naira remains under strain against the United States dollar across both official and parallel market segments, with traders and businesses closely monitoring price movements.
Official Dollar to Naira Exchange Rate Today
In the official foreign exchange market, the United States dollar exchanged at approximately ₦1,450 per $1. This rate represents the benchmark price within regulated trading windows and serves as the reference for formal international transactions, including government-related payments and selected corporate forex allocations.
Ejes Gist News Nigeria reports that the official rate showed minimal volatility during early trading, continuing a pattern of relative short-term stability observed in recent sessions.
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Dollar to Naira Black Market Rate Today
In the parallel market, also referred to as the black market, the dollar to naira exchange rate traded significantly higher. Market checks across major cities indicated:
- Buying rate: ₦1,480 per $1
- Selling rate: ₦1,495 – ₦1,500 per $1
The premium in the black market reflects ongoing demand for cash dollars and limited access to foreign exchange through official channels.
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Gap Between Official and Black Market Rates
The wide spread between the official and parallel market exchange rates remains a defining feature of Nigeria’s forex environment. While official windows provide regulated pricing, access constraints often push individuals and businesses toward informal markets, where rates are driven strictly by supply and demand dynamics.
This divergence continues to influence pricing decisions for imported goods, foreign tuition payments, medical travel, and international business obligations.
Factors Influencing Dollar to Naira Exchange Rate
Several underlying factors continue to shape the dollar to naira exchange rate today:
- Sustained demand for foreign currency from importers and service providers
- Limited dollar liquidity within official trading windows
- Broader macroeconomic conditions affecting confidence in the naira
- Inflationary pressures impacting purchasing power and currency valuation
- Policy measures and interventions by monetary authorities
These elements collectively contribute to the naira’s ongoing weakness against the dollar.
Recent Trend in the Dollar to Naira Exchange Rate
Over recent trading days, the official exchange rate has remained within a relatively narrow band, while the parallel market has experienced gradual upward adjustments. This pattern suggests short-term stability in regulated markets but continued pressure in informal trading environments.
Currency watchers note that any significant movement in dollar inflows, foreign reserves, or policy direction could influence near-term exchange rate behavior.
Also Read: AFCON Fixtures and Results Today: Full Breakdown for December 28 and 29, 2025
What Today’s Exchange Rate Means for Nigerians
The current dollar to naira exchange rate has direct implications for everyday economic activity:
- Imported goods may remain expensive due to high forex costs
- International travel and education expenses continue to rise
- Businesses with dollar-denominated obligations face higher operating costs
- Consumers may experience indirect inflationary effects
As a result, individuals and organizations continue to track daily exchange rates to manage financial exposure.
Dollar to Naira Exchange Rate Summary for December 29, 2025
- Official market rate: Approximately ₦1,450 per $1
- Black market buying rate: Around ₦1,480 per $1
- Black market selling rate: Up to ₦1,500 per $1
Exchange rates may vary by location, transaction size, and dealer margins. Readers are advised to confirm rates with authorized financial institutions or reputable market operators before completing any foreign exchange transaction.
