Dollar to Naira Exchange Rate Today, December 24, 2025

The Nigerian naira began trading on Christmas Eve with mild movements against the United States dollar across both the official and parallel foreign exchange markets.

Data from the Nigerian Foreign Exchange Market (NFEM) and major Bureau De Change (BDC) centres on the morning of December 24, 2025, indicate that the local currency remains largely stable, even amid heightened seasonal demand for foreign exchange.

Official Market (NFEM)

At the official window, the naira is trading at an average rate of ₦1,453.70 to the dollar. Early transactions saw the currency weaken briefly to a high of ₦1,460.75 before gaining modest ground as liquidity conditions improved. This reflects a slight appreciation from Tuesday’s closing rate of ₦1,461.50 per dollar.

The Central Bank of Nigeria (CBN) is maintaining close oversight of the market, with the “mean” exchange rate hovering around ₦1,454. Market operators say that although the festive season typically fuels increased demand for travel-related and personal forex needs, the official market has remained steady due to sustained interventions and stronger diaspora remittance inflows.

Parallel Market (Black Market)

In the parallel market, the dollar continues to trade at a premium. Reports from BDC operators in Lagos and Abuja show buying rates ranging between ₦1,465 and ₦1,475, while selling rates stand between ₦1,480 and ₦1,490 per dollar.

Despite this premium, the gap between the official and parallel market rates remains relatively narrow. Analysts attribute this to ongoing exchange rate convergence policies implemented by monetary authorities. Nonetheless, activity in the informal market remains brisk, driven by retail buyers seeking quick access to foreign currency for holiday spending.

Outlook

The naira’s relative stability in the final days of 2025 contrasts with the sharp volatility experienced in previous years. Financial analysts point to improved supply-demand balance and enhanced transparency in price discovery within the NFEM as key supporting factors.

Looking ahead, market participants expect the exchange rate to remain within the ₦1,450 to ₦1,500 range as the year ends, unless disrupted by major global economic developments.

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