Dollar to Naira Exchange Rate Today, December 1, 2025: Official NFEM and Black Market Rates

The US dollar strengthened against the Nigerian naira on Monday, December 1, 2025, as increased end-of-year demand pushed up prices in the parallel market, while the official Nigerian Foreign Exchange Market (NFEM) rate held relatively steady.

According to data from market trackers and the Central Bank of Nigeria’s (CBN) published NFEM table, the naira traded between ₦1,440 and ₦1,446 per $1 at the official window, representing the volume-weighted average price for the day.

In the parallel market, however, bureaux-de-change operators across Lagos, Abuja and Port Harcourt quoted the dollar at ₦1,455 (buy) and ₦1,465 (sell) on Monday. The slight increase from last week was attributed to stronger demand from importers and holiday travellers.

Analysts say the contrasting movements stem from tight official FX supply—forcing some buyers to rely on the parallel market—alongside a broadly stable CBN policy approach aimed at easing inflation. The central bank’s cautious stance on interest-rate adjustments has helped maintain a narrower trading band at the official window, even as informal market rates shift with seasonal pressure.

Impact on businesses and consumers
Import-dependent companies and firms with dollar obligations may face higher costs when sourcing FX outside official channels, while remittance recipients and small traders could benefit from the more stable NFEM rate—if they are able to access it. Analysts note that the naira’s short-term performance will depend on CBN interventions, oil revenue inflows and December remittance volumes.

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