Breaking News
US Dollar to Nigerian Naira Black Market Exchange Rate Today, Monday, December 1st 2025
The Nigerian Naira opened the month of December with a slight depreciation against the United States Dollar in the parallel market, as increased demand for foreign currency ahead of the festive season begins to weigh on the market.
As of Monday, December 1st 2025, the Dollar to Naira Black Market exchange rate stands at ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, based on verified updates from Bureau De Change (BDC) operators in Lagos, Abuja, and Port Harcourt.
The start of a new month normally introduces fresh FX requests from importers and holiday travelers, contributing to a marginal shift in pricing. Traders say market liquidity remains stable, but speed of demand is beginning to intensify.
Dollar to Naira Black Market Rate Today — Overview
Date Market Segment Buying Rate (₦) Selling Rate (₦) Trend
Mon, Dec 1, 2025 Black Market 1,455 1,465 -₦5 ▼
Fri, Nov 28, 2025 Black Market 1,450 1,460 —
Official Rate (CBN) — — — See official rates on CBN
Market pricing independently verified from Investors King.
How Much Is Dollar to Naira Today in Black Market?
The Dollar to Naira Black Market rate today averages:
₦1,455 per dollar for buying
₦1,465 per dollar for selling
This marks a ₦5 depreciation from the weekend’s closing figures following increased forex uptake among importers and families planning international travel during the holidays.
To check for regulated FX rates for banks, transfers, and official transactions, consult the Central Bank of Nigeria via:
CBN Website
Why the Naira Is Slightly Lower Today
Market experts attribute the mild weakening to several short-term, seasonally influenced factors:
Holiday Demand Spike
Retailers and e-commerce businesses are restocking heavily ahead of December shopping surges.
Travel-Driven FX Purchases
Visa approvals and ticket bookings are rising, increasing forex requests.
Import Activity Surge
Foreign suppliers require upfront payments, driving dollar buying volumes.
Speculation Return
Some traders are hedging early in anticipation of potential sharp increases later in the month.
Despite these pressures, the price drop remains controlled, indicating that supply is still supportive.
Economic Impact on Consumers and Businesses
Today’s movement in the Black Market FX rate carries real implications:
Positive Effects
✔ Pricing stability remains manageable for importers
✔ Reduced volatility helps SMEs forecast more accurately
✔ Inflationary pressure contained for now
✔ Families budgeting for travel can still access predictable rates
Areas of Concern
⚠ Heavy reliance on parallel markets persists due to limited official liquidity
⚠ Cost of imported food and consumer goods may rise if the Naira weakens faster
⚠ Businesses with lean capital structures may struggle with larger FX outflows
Retailers in electronics, clothing, and household supplies are among the most sensitive to exchange-rate changes this time of year.
Market Outlook — December Expectations
Analysts predict the Naira may face further mild pressure throughout the first half of December as seasonal demand accelerates. However, strong remittance flows expected from the diaspora during Christmas could help balance the market by mid-month.
Key factors traders will be watching include:
Volume of holiday-related imports
Oil price direction and reserve stability
CBN interventions in official FX windows
Remittance growth from international money channels
Projected trading band for the week: ₦1,450 – ₦1,475 per USD
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, December 1st 2025, stands at:
₦1,455 for buying
₦1,465 for selling
For verified, daily updates on the Dollar to Naira exchange rate, follow:
As Nigeria enters its highest-demand forex month of the year, the Naira’s performance will depend on how effectively the market manages the balance between supply and rising end-of-year demand in the Black Market.
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Breaking News
Sanusi will lead Sallah Durbar in Kano – Gov’t
The Kano State Government has announced that the Emir of Kano, Muhammadu Sanusi II, will lead this year’s Eid-el-Fitr Durbar, even as it unveiled strict guidelines to prevent a breakdown of law and order during the celebrations.....TAP TO CONTINUE READING
The government said the decision, approved by Governor Abba Kabir Yusuf, followed credible intelligence reports indicating attempts by some individuals to create unrest during the Sallah period.
In a statement issued on Wednesday by the Commissioner for Information and Internal Affairs, Ibrahim Abdullahi Waiya, the government said it remained committed to preserving Kano’s cultural heritage but would prioritise peace and security.
According to the statement, Hawan Idi (Eid Durbar) will be conducted by Emir Sanusi from the Kofar Mata Eid Ground through designated routes to Gidan Shettima, terminating at Kofar Fatalwa of the emir’s palace.
It added that Hawan Nasarawa would be held in a modified form without horseback displays, while Hawan Daushe, Hawan Fanisau and Hawan Dorayi have been suspended for the time being in the interest of public safety.
The government said all security agencies had been directed to intensify surveillance and ensure strict compliance with the directives before, during and after the festive period.
It urged residents to remain calm, law-abiding and cooperative with security agencies, while cautioning against the spread of unverified information.
The government further assured the public of its commitment to a peaceful and hitch-free Sallah celebration, wishing Muslims in the state a joyous Eid-el-Fitr.
The Durbar, a centuries-old cultural procession, has been thrown into uncertainty following conflicting statements from government officials on whether it will hold this year, given the unresolved legal battle between Sanusi II and Aminu Ado Bayero.
While Governor Yusuf reinstated Sanusi II in 2024, Bayero continues to contest his dethronement in court, leaving the emirship in dispute.
The government recently hinted that the stool controversy would soon be resolved.
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Breaking News
2027: Igboho dismisses Sowore’s comment on ‘transactional politics’
Yoruba nation agitator, Sunday Adeyemo, popularly known as Sunday Igboho, has dismissed comments by human rights activist and former presidential candidate, Omoyele Sowore, over what he described as transactional politics and activism.....TAP TO CONTINUE READING
PUNCH Online reports that Sowore’s comment followed a viral video in which the activist criticised what he described as “transactional politics” among some regional agitators and influencers, accusing them of aligning with political actors for personal or material benefit.
In the video, Sowore appeared to reference Igboho, suggesting that his recent political positions, including support for President Bola Tinubu’s potential re-election bid, reflected what he termed “amala politics” — a colloquial expression often used to imply opportunistic or interest-driven engagement rather than principled activism.
Igboho, in a statement issued by his media aide, Olayomi Koiki, in Ibadan, the Oyo State capital, on Tuesday, criticised Sowore for allegedly describing his activism as “amala politics” in a recent viral video circulating on social media.
He described the comment as an inconsequential rant that should be ignored by the public.
Igboho argued that his agitation for improved security in the South-West and his support for the second-term bid of President Bola Tinubu in 2027 were constitutional rights aimed at promoting the collective interests of the Yoruba people and the development of Nigeria.
He said, “We strongly reject the characterisation of Igboho’s activism as transactional. Such a myopic position misrepresents the intent and focus of our agitation on effective grassroots security in the South-West and Nigeria as a whole.
“How many protests did Sowore organise to push for my freedom? Sowore’s claim of fighting for the masses contradicts his alleged daily lodging expenses of N450,000 at a popular Lagos hotel.
“I cannot be compelled to endorse political figures such as Peter Obi or Atiku Abubakar, or even align with Sowore’s political platform. I have the right to make independent political decisions based on the security and collective interests of the Yoruba people.”
He added that Igboho’s advocacy prioritises addressing insecurity across Yorubaland, including killings of farmers, kidnappings along highways and attacks on traditional rulers and royal institutions.
Koiki, however, clarified that these concerns form the basis of Igboho’s movement rather than any ambition for political office or revolutionary leadership.
The statement added, “While Sowore has consistently promoted nationwide revolution as a pathway to leadership, Igboho’s approach is rooted in protecting lives, land and property within Yoruba territory. This agitation is a response to real and ongoing threats faced by communities in the region.
“Latest security incidents in northern Nigeria, including reported explosions in Maiduguri on March 16, 2026, also raise questions about the broader effectiveness of long-term revolutionary advocacy.
“We challenge Sowore to assess the situation in his home state of Ondo State, considering the growing cases of banditry, kidnapping and attacks on rural communities.”
The statement added that the impact of insecurity on vulnerable groups, including farmers, traditional rulers, women and children, had been severe, with several communities reportedly affected.
“These realities reinforce Igboho’s long-standing call since 2020 for localised security measures and stronger regional protection strategies.
“Labelling our agitation and efforts as ‘amala politics’ undermines the urgency of the security crisis and the legitimacy of grassroots agitation,” the statement concluded
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Breaking News
Aisha, Deji, Atiku’s aide, Ibe fume over continuous detention of El-Rufai
The continuous detention of the former governor of Kaduna State, Mallam Nasir El-Rufai, has sparked reactions from politicians and socio-political activists.....TAP TO CONTINUE READING
DAILY POST reports that the former governor has been in the custody of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, over an ongoing investigation into alleged financial impropriety when he was governor.
El-Rufai had earlier spent two nights in the custody of the Economic and Financial Crimes Commission, EFCC, before he was picked up by the Department of State Services and then later handed over to the ICPC.
His continuous detention has sparked outrage among citizens who are calling on the commission to immediately charge the former governor to court.
Popular socio-political activist, Aisha Yesufu, said in a post on X that “holding a citizen indefinitely without trial” is impossible.
According to her, “that is not justice. That is not accountability. That begins to look like persecution.
“Every Nigerian, no matter how powerful or unpopular, has the right to a fair hearing. That right is not a favour from the government. It is a constitutional guarantee. If El-Rufai committed crimes, then prosecute him. Nigerians will support that. But what we must never
Support is a system where the government can detain anyone endlessly, simply because it can.
“Today, it may be El-Rufai. Tomorrow, it could be anyone else who speaks or acts in a way that those in power do not like. A democracy must be better than that.
“So the message is simple: charge him in court or release him. Let justice be done openly, lawfully, and transparently. That is the only way a nation that claims to respect the rule of law should act”.
Similarly, an activist lawyer, Deji Adeyanju, in an interview he posted on X on Wednesday, demanded that the former governor be charged to court immediately, condemning El-Rufai’s incarceration.
“No matter the allegations, I think he should be charged in a court of competent jurisdiction so that he can face the music.
“All these things currently going on don’t look tidy to me”, he said.
On his part, Paul Ibe, a media aide to the former vice president, Atiku Abubakar, lambasted ICPC for not charging the former governor to court.
In a statement on his X handle, Ibe accused the Commission of taking sides with the President Bola Tinubu-led administration.
He wrote, “The matter of the former Governor of Kaduna State, Mallam Nasir el-Rufai @elrufai has proven beyond measure that the ‘I’ in ICPC (Independent Corrupt Practices and Other Related Offences Commission) @icpcnigeria represents Illegal or Irresponsible.
“There’s nothing Independent about the Commission. They’re no different from all the other institutions of state that are standing on Tinubu’s mandate. The ICPC is nauseatingly pliable and has disgracefully made itself available in coercing members of the opposition into the ruling party”!
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