The Dollar to Naira exchange rate today showed renewed pressure on the Nigerian currency in the parallel market, according to figures monitored by Okay News on Monday, 8 December 2025.
Fresh updates from black market dealers this morning show that the United States Dollar (USD) opened at ₦1,480 for buying and ₦1,495 for selling, reflecting sustained demand for foreign currency across major trading spots.
Other Major Currencies
The British Pound Sterling (GBP) traded at ₦1,948 for buying and ₦1,985 for selling, while the Euro (EUR) was quoted at ₦1,680 for buying and ₦1,728 for selling, based on market activity tracked by Okay News.
The Canadian Dollar (CAD) also recorded slight movement, exchanging at ₦1,072 for buying and ₦1,083 for selling, as dealers reported continued interest from Nigerians paying for international transactions and travel-related expenses.
What’s Driving Demand?
Okay News reports that demand for hard currency remains steady, driven by import obligations, school fees abroad, business payments and rising end-of-year travel bookings.
Traders noted that the gap between black market and official market channels continues to reflect pressure on liquidity and speculative buying.
Parallel Market Rates Today, 8 December 2025
- USD to NGN: Buy at ₦1,480, Sell at ₦1,495
- GBP to NGN: Buy at ₦1,948, Sell at ₦1,985
- EUR to NGN: Buy at ₦1,680, Sell at ₦1,728
- CAD to NGN: Buy at ₦1,072, Sell at ₦1,083
