The Dollar to Naira exchange rate in the black market declined to ₦1,390 on Friday as the Nigerian currency extended its gains against the United States Dollar for another trading session.
Data obtained from parallel market operators showed that the Dollar to Naira exchange rate closed the week at ₦1,380 per dollar for buying and ₦1,390 per dollar for selling, compared to higher levels recorded earlier in the week.
The latest movement suggests improving sentiment in the foreign exchange market as traders reported relatively stable demand and supply conditions.
The gradual appreciation of the naira comes as market participants continue to monitor foreign exchange liquidity, monetary policy developments and broader economic indicators that influence the value of the local currency.
Dollar to Naira Black Market Exchange Rate Today
The latest black market exchange rates for Friday, June 5th, 2026, are as follows:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | ₦1,380 | ₦1,390 |
Exchange rates in the parallel market 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 current exchange rate indicates that black market operators are buying dollars at ₦1,380 and selling dollars at ₦1,390.
This means anyone exchanging US dollars for naira can expect to receive approximately ₦1,380 per dollar, while those purchasing dollars from the parallel market may pay around ₦1,390 per dollar.
The black market remains one of the most active segments of Nigeria’s foreign exchange market, serving individuals and businesses that require access to foreign currency outside official channels.
Naira Records Weekly Improvement
The latest exchange rate reflects a modest but notable improvement in the value of the naira during the week. Earlier in the week, the Dollar to Naira exchange rate traded around ₦1,395 in the parallel market before easing to ₦1,390.
The ₦5 decline in the selling rate suggests that the naira has continued to recover some of the ground lost against the dollar in previous weeks. While the gain remains relatively small, market analysts believe sustained stability could help improve confidence among traders and investors.
The performance of the naira continues to be influenced by foreign exchange inflows, oil revenue, diaspora remittances and demand from importers and travelers.
Market Insight
Foreign exchange traders noted that the market remained relatively calm throughout the week compared to periods of heightened volatility experienced earlier in the year. Improved dollar availability in some trading hubs helped reduce pressure on the exchange rate.
However, demand for foreign currency remains elevated due to Nigeria’s import-dependent economy. Businesses seeking to settle international obligations and individuals funding education, travel and medical expenses abroad continue to drive demand for the US dollar.
As a result, market participants remain cautious despite the recent gains recorded by the naira.
Official and Parallel Market Outlook
The official foreign exchange market remains regulated by the Central Bank of Nigeria (CBN), which continues to implement measures aimed at improving transparency and liquidity in the FX market.
Analysts expect the Dollar to Naira exchange rate to remain relatively stable in the near term if foreign exchange inflows continue to improve. However, fluctuations in crude oil prices, foreign investment flows and monetary policy decisions could influence future market direction.
For daily updates on the Dollar to Naira exchange rate, economic developments and market analysis, readers can visit Naijaonpoint. Parallel market rates can also be monitored through Aboki Forex, while official exchange rate information is available from the CBN.
As of Friday, June 5th, 2026, the Dollar to Naira black market exchange rate stands at ₦1,380 for buying and ₦1,390 for selling, reflecting continued gains for the naira as the week comes to a close.