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Dollar to Naira Black Market Exchange Rate Today, Monday, December 8th 2025
The Nigerian Naira opened the second week of December with marginal pressure against the United States Dollar in the informal currency market.....TAP TO CONTINUE READING
As of Monday, December 8th 2025, the Dollar to Naira Black Market exchange rate sits at ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, according to verified Bureau De Change (BDC) pricing across Lagos, Abuja, Kano, Port Harcourt, and major commercial FX clusters.
Early-December demand is being shaped by increased activity from retail importers, travel-related transactions, and tuition payments abroad. However, operators report that supply remains fairly stable due to consistent inflows from private currency channels and diaspora remittances entering Nigeria for the festive period.
Dollar to Naira Black Market Rate Today — Updated Table
Date Market Type Buying (₦) Selling (₦) Status
Mon, Dec 8, 2025 Black Market 1,455 1,465 —
Fri, Dec 5, 2025 Black Market 1,450 1,460 +₦5 ▲
Official Rate CBN Window — — View on CBN
Figures validated through daily rate monitoring by Investors King and updated pricing reports from Aboki Forex.
How Much Is Dollar to Naira Today in Black Market?
The Dollar to Naira Black Market rate for today is as follows:
₦1,455 per dollar for buying
₦1,465 per dollar for selling
This pricing reflects an early-week adjustment driven by elevated demand from importers restocking for Christmas sales, as well as increased travel transactions ahead of the holiday break.
For regulated FX pricing, interbank rates, and official CBN positions, refer to:
Central Bank of Nigeria
What Is Driving Today’s Exchange Rate?
Market analysts point to several factors shaping the current pricing trend in the Black Market:
🔹 Higher End-of-Year Import Payments
Retailers and distributors are completing final payment cycles for inventory destined for Nigeria’s December retail boom. With international suppliers requiring advance settlement, the dollar demand curve has escalated over the last 10 days.
🔹 Tuition and Visa-Linked FX Requests
International tuition payments and expedited travel plans continue to drive direct cash purchases in informal channels, particularly from families and students preparing for January academic entries abroad.
🔹 Early Remittance Signals
Diaspora remittance inflows are rising ahead of the traditional mid-December peak period. This improved supply helps stabilize physical currency availability in the Black Market, preventing aggressive spikes.
🔹 Reduced Speculative Hoarding
Compared to earlier volatility periods in 2025, speculative holding appears more controlled. Traders are trading within normal volumes rather than hoarding dollars for short-term gains.
Economic Impact on Nigerian Consumers and Businesses
The Naira’s early-December stability in the Black Market carries visible economic implications:
Positive Outcomes
Import-driven inflation appears contained
SMEs have a predictable rate to support inventory planning
Travel budgets are easier to calculate ahead of the holidays
Market volatility is lower, improving buyer confidence
Persistent Challenges
Structural dependence on parallel market FX remains high
Businesses unable to access official channels face tighter margins
Short-term demand surges can trigger rapid rate reactions
Market participants emphasize that stable supply must be sustained to avoid sharp swings during the peak remittance period between December 15–28.
Market Outlook — December Projections
FX analysts expect the Naira to continue trading within a tight band through the first half of December, driven by diaspora inflows and seasonal spending.
Expected trading range: ₦1,450 – ₦1,472 per USD
Key variables to watch include:
Level of travel-related demand
Volume of incoming remittances
Crude oil performance above $85 per barrel
CBN liquidity exposure in official FX windows
Operators report that the market remains sensitive to sudden shifts in demand, especially around travel bookings and bulk import orders.
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, December 8th 2025, stands at:
₦1,455 per dollar (buying)
₦1,465 per dollar (selling)
For accurate daily FX insight and reliable market updates, Nigerians consistently rely on:
Investors King
Aboki Forex
Central Bank of Nigeria
The next two weeks will be critical for determining the Naira’s stability curve, as holiday demand peaks in the Black Market and remittance activity reaches its highest level of the year.
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Oyo police intercepts truck conveuing explosives in Saki
The Oyo State Police Command has announced an operational success recorded following an intelligence-led operation.....TAP TO CONTINUE READING
Acting on credible intelligence, operatives of the Command intercepted a truck conveying materials suspected to be explosive devices during a stop-and-search operation in Saki, Oyo State. The truck and the suspected materials were promptly secured and are currently in police custody.
Upon receiving a briefing on the development, the Commissioner of Police, Oyo State Command, CP Femi Haruna, immediately ordered a comprehensive investigation into the matter.
Consequently, specialised personnel of the Explosive Ordnance Disposal (EOD) Unit and the Chemical, Biological, Radiological and Nuclear (CBRN) Unit were deployed to safely secure the items for safekeeping and forensic examination. Detailed forensic analysis has since commenced, alongside a thorough and robust investigation to determine the exact nature of the items and their intended use.
The truck driver has been taken into custody and is cooperating fully with investigators as efforts continue to unravel all the circumstances surrounding the incident.
The Commissioner of Police commended the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, for his unwavering support, strategic leadership, and continued provision of operational guidance that enhance proactive, intelligence-driven policing across the country.
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Benue: Armed bandits kill motorcyclist, injure woman in Apa LGA
One person has died and another sustained injuries following an assault by suspected armed bandits in Apa Local Government Area of Benue State.....TAP TO CONTINUE READING
According to sources, the attack took place on January 24 around 4:00 p.m. along the Amoke–Odugbo road in Ukpogo Village, Edikwu Ward.
The victims, identified as Mr Joseph Okoh and Miss Aneh Sunday, both from Ogodumo, Adoka in Otukpo LGA, were reportedly riding a motorcycle when the assailants struck.
“They were rushed to the Comprehensive Health Centre, Ugbokpo, where Mr Okoh was confirmed dead while receiving treatment. Miss Sunday is currently admitted and responding to treatment,” the source stated.
Nigerian troops were quickly deployed to the area, and a search operation in the surrounding bushes is ongoing to apprehend the attackers.
“The Criminal Investigation Department has commenced an investigation into the incident,” the source added.
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2026 UTME: JAMB scraps special privileges for albino candidates over malpractices
The Joint Admissions and Matriculation Board has scrapped special concessions and registration procedures previously granted to candidates with albinism for the 2026 Unified Tertiary Matriculation Examination, citing abuse of the privilege to perpetrate examination malpractice.....TAP TO CONTINUE READING
The Board also warned faith-based tertiary institutions to clearly declare their religious status at the point of admission, saying it is deceptive to present as secular and later impose religious rules on students.
As reported by Vanguard, these decisions were taken on Saturday at a meeting between JAMB management, led by its Registrar, Prof. Isaq Oloyede, and Commissioners for Education from the 36 states of the federation and the Federal Capital Territory, held in Ikeja, Lagos.
Oloyede said the meeting was convened to review and assess previous admission exercises.
He noted that despite safeguards introduced by the Board, some individuals remained determined to circumvent the system.
“We have stopped some concessions we gave albino candidates. This is because some are using artificial intelligence to manipulate the registration process to look like they are albinos because of the consideration we gave them.
“Last year alone, over 7,000 claimed to be albinos. We have stopped special registration procedures for albinos,” he said.
Addressing complaints from candidates admitted into some private institutions over compulsory religious instruction, Oloyede urged faith-based schools to be transparent.
“Faith-based institutions should declare from the onset what they are, so that whoever applies there will know what he is going to meet there. But some don’t do that. They will pretend to be secular, but once students are admitted, trouble will begin over religious instruction and injunctions.
“If you are a faith-based institution, say so. The law allows you to set up faith-based schools,” he said.
On last year’s UTME, where the highest-scoring candidate was later found to be a 300-level university student, the JAMB registrar said investigations showed that some undergraduates sit for the examination to change courses or assist others to secure admission.
“Students who are already in school but want to change courses and are applying again must declare and disclose their status.
“We have found that some candidates already in school are writing the examination for other candidates. Last year, the candidate who scored the highest was found to be a 300-level student in the university.
“Henceforth, any candidate found engaging in such an act, and who fails to disclose that he is already in school but wants to change course, will be disqualified and will also lose his current admission,” he said.
On admission criteria, Oloyede explained that federal government-owned institutions allocate 45 per cent on merit, 20 per cent on catchment area, 20 per cent to educationally disadvantaged states, while the remaining slots are allocated to other considerations.
“Each owner or state has the right to decide what its admission criteria will be. But for states, we encourage them to allocate at least 10 per cent to merit, regardless of where the candidates come from.
“This is to diversify the student population and admit eggheads from different communities,” he said.
He criticised some states for establishing new universities despite not fully utilising their admission quotas in existing federal institutions.
On underage candidates, Oloyede said 16 years remained the minimum admission age, noting that an attestation process was in place for exceptional cases.
“Last year, about 42,000 claimed to be underage. After evaluation, only 78 met the criteria and were admitted. We are not saying there are no talented candidates, but the figure looks outlandish,” he said.
The issue of how to engage underage candidates during a gap year divided opinions at the meeting, but a majority voted for JAMB to continue its special assessment process.
The meeting also observed that parental pressure on children to complete their education too quickly was a major contributor to the problem.
On efforts to curb examination malpractice, Oloyede said JAMB had stopped the movement of computers between Computer-Based Test centres.
“A computer registered in a particular centre will remain there and is not transferable to another centre. Some people borrow computers to get accredited and later move them around,” he said.
He dismissed claims that candidates were posted to towns they did not choose, saying personal data used for registration were drawn directly from the National Identification Number submitted by candidates.
Providing an update on the 2025 UTME, Oloyede said 974,855 candidates had so far been admitted out of about 1.95 million who sat for the examination.
He added that over N2.4 billion had been disbursed to institutions that consistently complied with JAMB’s rules over the past 10 years, and that the meeting agreed that schools producing the best candidates should be compensated.
On accreditation of CBT centres, Oloyede said the process involved teams comprising university vice-chancellors, rectors and provosts in each state.
He warned state governments against agreements with private promoters who might use centres to facilitate malpractice.
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Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
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