Dollar to Naira Black Market Exchange Rate Today: Dollar Sells at ₦1,390 on Monday, June 8, 2026
The Dollar to Naira black market exchange rate remained stable on Monday, June 8, 2026, as foreign exchange traders continued to quote the United States Dollar below the ₦1,400 mark 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 at the start of the new trading week.
The latest exchange rate highlights the continued stability of the naira in the parallel market as businesses, travelers and individuals monitor developments in Nigeria’s foreign exchange 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) | ₦1,380 | ₦1,390 |
This means black market operators buy dollars from Nigerians at ₦1,380 per dollar and sell dollars to buyers at ₦1,390 per dollar.
Exchange rates may vary slightly across different locations depending on market conditions and transaction volumes.
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 the buying rate is ₦1,380 while the selling rate is ₦1,390.
In practical terms, individuals exchanging dollars for naira will receive approximately ₦1,380 for every dollar sold to operators. Those looking to purchase dollars from the parallel market will pay around ₦1,390 per dollar.
The black market continues to play an important role in Nigeria’s foreign exchange ecosystem by providing access to foreign currency outside the official market.
Market Insight
The Dollar to Naira exchange rate has shown signs of relative stability in recent trading sessions. The dollar remains below the ₦1,400 threshold in the black market, reflecting a period of reduced volatility compared to previous months.
Foreign exchange traders attribute the stability to improved market confidence and relatively balanced demand and supply conditions. However, demand for dollars remains significant as importers, international students, travelers and businesses continue to seek foreign currency for various transactions.
Market participants are expected to closely monitor developments this week for any changes that could influence the direction of the exchange rate.
Factors Influencing the Dollar to Naira Exchange Rate
Several economic factors continue to determine the movement of the Dollar to Naira exchange rate, including:
- Foreign exchange supply and demand
- Crude oil export earnings
- Diaspora remittances
- Foreign investment inflows
- Monetary policy decisions
- Nigeria’s external reserve position
Any major shift in these indicators could impact the value of the naira against the US dollar in both the official and parallel markets.
Dollar to Naira Outlook
Analysts expect the Dollar to Naira exchange rate to remain relatively stable in the short term if current market conditions persist. Continued foreign exchange inflows and stable demand could help support the naira’s position in the market.
The official foreign exchange market remains regulated by the Central Bank of Nigeria (CBN), which continues to implement policies aimed at improving transparency and liquidity within the country’s FX market.
For daily updates on the Dollar to Naira exchange rate, forex market trends and economic developments, readers can visit Investors King. Parallel market exchange rates can also be monitored through Aboki Forex, while official exchange rate data is available from the CBN.
As of Monday, June 8, 2026, the Dollar to Naira black market exchange rate stands at ₦1,380 buying rate and ₦1,390 selling rate, reflecting continued stability in Nigeria’s parallel foreign exchange market.
