The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, traded at approximately ₦1,415 on the buying side and ₦1,425 on the selling side on Monday, August 10, 2026, as demand for the United States dollar remained firm across major Bureau De Change (BDC) markets.
According to information obtained from Bureau De Change operators, dealers are buying one US dollar from Nigerians at approximately ₦1,415, while Nigerians seeking to purchase dollars are paying about ₦1,425 per dollar.
The exchange rate remains largely unchanged from recent trading sessions, reflecting relatively stable conditions in the parallel market despite continued demand for foreign currency from importers, manufacturers, international travelers, students paying tuition abroad, and businesses settling overseas obligations.
Black market exchange rates are determined by prevailing demand and supply and may vary slightly depending on location, transaction size, and individual Bureau De Change operators.
How Much Is Dollar to Naira Today in Black Market?
For those asking, “How much is Dollar to Naira today in black market?”, below is the prevailing exchange rate as of Monday, August 10, 2026:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | ₦1,415 | ₦1,425 |
The ₦1,415 buying rate represents the amount Bureau De Change operators pay Nigerians selling one US dollar, while the ₦1,425 selling rate is the amount customers pay to purchase one US dollar from the parallel market.
At the prevailing rates:
- Selling $100 would fetch approximately ₦141,500.
- Buying $100 would cost approximately ₦142,500.
- Selling $1,000 would yield about ₦1.415 million, while purchasing $1,000 would cost about ₦1.425 million.
Dollar to Naira Remains Stable
The latest Dollar to Naira exchange rate suggests the parallel market has maintained relative stability in recent trading sessions. Market participants continue to monitor foreign exchange liquidity, Central Bank policy measures, crude oil receipts, and foreign capital inflows, all of which influence the supply of dollars in the Nigerian economy.
Demand for foreign exchange remains driven by businesses importing goods and raw materials, Nigerians paying school fees abroad, international travelers, and individuals meeting other dollar-denominated obligations.
Official Dollar to Naira Exchange Rate
Nigeria’s official foreign exchange market operates under the supervision of the Central Bank of Nigeria (CBN). The official exchange rate differs from the parallel market rate because both markets operate under different pricing mechanisms and liquidity conditions.
Individuals and businesses are advised to compare prevailing exchange rates before conducting foreign exchange transactions.
Dollar to Naira Outlook
Analysts expect the Dollar to Naira exchange rate to remain influenced by foreign exchange liquidity, crude oil export earnings, external reserves, investor confidence, diaspora remittances, and monetary policy decisions. Continued improvements in official dollar supply could help stabilize the naira, while sustained demand in the parallel market may continue to keep exchange rates elevated.
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