Every new trading day in Nigeria comes with its own rhythm, and the exchange rate often sets the tempo. Whether you’re an importer trying to plan costs, a parent paying school fees abroad, or simply keeping an eye on rising prices, the value of the naira is no longer a distant economic conversation — it’s part of daily life.
Today, Thursday, December 4, 2025, the black-market and official CBN rates continue to move at different speeds, each telling a part of Nigeria’s larger economic story. After spending years watching how these rates shift across Lagos, Abuja, Port Harcourt and Kano, one thing remains clear: stability isn’t a single event — it’s a pattern we hope will form over time.
Below is the latest snapshot of where things stand today.
Contents
Black Market Exchange Rates — December 4, 2025
The following are verified parallel-market rates across major Nigerian cities. Prices may vary slightly depending on location and dealer negotiation.
Black Market BUY/SELL Table
| Currency | Buy (₦) | Sell (₦) |
|---|---|---|
| US Dollar (USD) | 1470 | 1475 |
| British Pound (GBP) | 1915 | 1930 |
| Euro (EUR) | 1665 | 1685 |
| Canadian Dollar (CAD) | 1150 | 1250 |
| South African Rand (ZAR) | 90 | 110 |
| UAE Dirham (AED) | 385 | 420 |
| Chinese Yuan (CNY) | 190 | 210 |
| Ghanaian Cedi (GHS) | 90 | 115 |
| West African CFA (XOF) | 2500 | 2600 |
| Central African CFA (XAF) | 2400 | 2500 |
| Australian Dollar (AUD) | 800 | 900 |
These numbers reflect active trading across popular FX hubs like Ikeja, Wuse, Garki, Kano Sabon-Gari, and Onitsha Main Market.
Official CBN Exchange Rates — December 4, 2025
Unlike the parallel market, official rates apply to bank transfers, international settlements, Form A payments, and regulated FX transactions.
CBN Official Rates Table
| Currency | CBN Rate (₦) |
|---|---|
| US Dollar (USD) | 1447.65 |
| British Pound (GBP) | 1925.08 |
| Euro (EUR) | 1688.54 |
| Swiss Franc (CHF) | 1808.66 |
| Japanese Yen (JPY) | 9.31 |
| West African CFA (XOF) | 2.56 |
| West African Unit of Account (WAUA) | 1966.76 |
| Chinese Yuan (CNY) | 204.94 |
| Saudi Riyal (SAR) | 385.72 |
| South African Rand (ZAR) | 84.69 |
One quick observation: the gap between official and parallel rates remains noticeable but far smaller than the wild swings seen in previous years. It suggests a market that is still tense but gradually finding its range.
What Today’s Rates Mean for Everyday Nigerians
Rates like these don’t just live on trading charts — they influence real moments:
- The cost of clearing a container at Apapa.
- A student calculating how much their next semester abroad will cost.
- A small business deciding whether to restock goods or wait.
The naira’s strength or weakness shows up on shelves, in household budgets, and in business decisions across the country.
Today’s numbers show a market that is still under pressure but exhibiting less panic. You can feel a quieter tone in traders’ voices — not confidence yet, but less fear than earlier months.
What People Search For Most — Answered Simply
1. “How much is the dollar today black market?”
₦1470–₦1475 depending on location.
2. “Why is the black market rate different from the CBN rate?”
Because demand for cash dollars is higher than the official supply.
3. “Are black market rates the same everywhere?”
No. Lagos, Abuja, Kano, and Port Harcourt often differ slightly.
4. “Is it better to buy at CBN rate?”
Yes — if you qualify and can access it. Most people can’t, which is why the parallel market remains active.
A Short Expert Viewpoint
One thing about currency markets is this: confidence moves prices just as much as supply. Nigeria’s FX direction is changing slowly, and while liquidity hasn’t fully returned, there’s an ongoing effort to reduce shocks.
From experience, the traders who survive in this market are the ones who don’t chase rumors. They wait for confirmed numbers and make decisions with a clear head. That approach matters even more now.
A Practical Takeaway for Today
If you must buy or sell forex this week, use today’s verified rate to guide your timing, not predictions. The market is stable enough to make informed decisions — but still active enough that hesitation can cost money.
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