The Dollar to Naira black market exchange rate eased on Wednesday, June 17, 2026, as the Nigerian currency regained some ground against the United States Dollar in the parallel market.
According to information gathered from Bureau De Change operators and currency traders, the Dollar to Naira exchange rate stood at ₦1,380 per dollar buying rate and ₦1,390 per dollar selling rate.
The latest figures indicate a modest improvement for the naira compared to earlier levels recorded this week when the dollar traded at ₦1,395 in the black market.
The movement reflects changing demand and supply conditions in Nigeria’s foreign exchange market as traders continue to monitor liquidity levels and broader economic developments.
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) | ₦1,380 | ₦1,390 |
This means Bureau De Change operators buy dollars from Nigerians at ₦1,380 per dollar and sell dollars to Nigerians at ₦1,390 per dollar.
Rates may vary slightly depending on location, transaction size and prevailing 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 market data shows that individuals selling dollars to Bureau De Change operators will receive approximately ₦1,380 per dollar.
Meanwhile, those seeking to buy dollars from operators in the parallel market will pay around ₦1,390 per dollar.
The ₦10 difference between the buying and selling rates represents the operating margin maintained by traders in the foreign exchange market.
Naira Recovers as Dollar Slips from Recent High
The latest exchange rate suggests that the naira has recovered slightly after the dollar climbed to ₦1,395 earlier this week. Wednesday’s selling rate of ₦1,390 represents a ₦5 decline in the value of the dollar, providing modest relief for importers and businesses that depend on foreign exchange.
Currency traders attributed the movement to improved market liquidity and balanced demand conditions across major trading centres.
Although the appreciation remains modest, market participants view the development as a positive sign for exchange rate stability.
Market Insight
Foreign exchange activity remained steady on Wednesday as businesses and individuals continued to source dollars for international transactions. Demand from importers, travelers and students studying abroad remained strong, but available supply helped prevent a further rise in the exchange rate.
Analysts believe the direction of the Dollar to Naira exchange rate in the coming weeks will depend largely on foreign exchange inflows, crude oil earnings and investor confidence in the Nigerian economy.
The market remains sensitive to policy developments and changes in global economic conditions that could affect capital flows and currency demand.
Factors Influencing Dollar to Naira Exchange Rate
Several factors continue to influence the movement of the Dollar to Naira exchange rate, including:
- Crude oil export revenue
- Foreign exchange reserves
- Diaspora remittances
- Foreign direct and portfolio investments
- Import demand
- Monetary policy decisions
- Global economic conditions
Changes in these indicators often determine the availability of foreign exchange and influence market pricing.
Outlook for the Dollar to Naira Exchange Rate
Market participants expect the Dollar to Naira exchange rate to remain relatively stable in the near term if foreign exchange supply continues to meet demand.
The official foreign exchange market remains regulated by the Central Bank of Nigeria (CBN), which continues to implement policies aimed at improving liquidity and transparency in the country’s foreign exchange system.
For daily updates on the Dollar to Naira exchange rate, economic developments and market intelligence, 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 Wednesday, June 17, 2026, the Dollar to Naira black market exchange rate stands at ₦1,380 buying rate and ₦1,390 selling rate, reflecting continued activity and relative stability in Nigeria’s parallel foreign exchange market.