The Dollar to Naira black market exchange rate declined further on Tuesday as the Nigerian currency strengthened against the United States Dollar in the parallel market.
According to information obtained from Bureau De Change operators and currency traders, the Dollar to Naira exchange rate stood at ₦1,375 per dollar buying rate and ₦1,385 per dollar selling rate.
The latest figures indicate that the naira gained additional ground against the dollar compared to the previous trading session.
The improvement comes as market participants continue to monitor foreign exchange supply, demand dynamics and policy developments that could influence the direction of Nigeria’s currency market.
Dollar to Naira Black Market Exchange Rate Today
The current Dollar to Naira exchange rate in the black market is:
| Currency | Operators Buy | Operators Sell |
|---|---|---|
| US Dollar (USD) | ₦1,375 | ₦1,385 |
This means Bureau De Change operators buy dollars from Nigerians at ₦1,375 per dollar and sell dollars to Nigerians at ₦1,385 per dollar.
Exchange rates may vary slightly depending on location, transaction size and market conditions.
How Much Is Dollar to Naira Today in Black Market?
For Nigerians searching online for how much is dollar to naira today in black market, the latest exchange rate shows that individuals selling dollars to black market operators receive approximately ₦1,375 for every dollar exchanged.
Meanwhile, those looking to buy dollars from Bureau De Change operators or parallel market traders will pay around ₦1,385 per dollar.
The ₦10 spread between the buying and selling rates represents the margin earned by operators in the foreign exchange market.
Naira Strengthens Further Against the Dollar
The latest exchange rate suggests that the naira continues to show signs of resilience in the parallel market. Compared to Monday’s selling rate of ₦1,390, the dollar has eased to ₦1,385, indicating a ₦5 appreciation in the value of the local currency.
While the movement is relatively modest, traders say the trend points to improving market sentiment and relatively stable foreign exchange liquidity.
A stronger naira can help moderate import costs and reduce pressure on businesses that depend on foreign currency for international transactions.
Market Insight
Foreign exchange dealers reported relatively balanced trading conditions across major currency markets on Tuesday. Demand for dollars from importers, travelers and international students remains present, but improved supply conditions appear to be helping stabilize the market.
Analysts note that continued stability in the exchange rate could improve confidence among investors and businesses.
However, the market remains sensitive to fluctuations in oil prices, foreign exchange inflows and monetary policy decisions.
Outlook for the Dollar to Naira Exchange Rate
Market observers expect the Dollar to Naira exchange rate to remain within the current range in the near term, provided foreign exchange supply remains stable.
The official foreign exchange market remains under the supervision of the Central Bank of Nigeria (CBN), which continues to pursue policies aimed at improving liquidity and transparency in Nigeria’s foreign exchange system.
For daily updates on the Dollar to Naira exchange rate, market trends and economic developments, readers can visit Naijaonpoint. Parallel market rates can also be tracked through Aboki Forex, while official exchange rate information is available from the CBN.
As of Tuesday, June 9, 2026, the Dollar to Naira black market exchange rate stands at ₦1,375 buying rate and ₦1,385 selling rate, reflecting continued stability and modest gains for the naira in the parallel market.