Dollar to Naira Black Market Exchange Rate Today: Dollar Sells at ₦1,385 on Thursday, June 18, 2026
The Dollar to Naira black market exchange rate declined on Thursday as the Nigerian naira 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 represent a ₦5 improvement in the value of the naira compared to the previous trading session when the dollar sold for ₦1,390 in the black market.
The movement suggests improving sentiment in the foreign exchange market as traders reported relatively stable demand and supply conditions across major trading centres.
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 volume 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 ₦1,375 per dollar.
Meanwhile, those looking to purchase dollars from operators in the parallel market will pay around ₦1,385 per dollar.
The ₦10 difference between the buying and selling rates remains the standard trading margin maintained by operators in the market.
Naira Strengthens as Dollar Drops to ₦1,385
The latest exchange rate indicates that the naira continues to recover against the US dollar. Compared to Wednesday’s selling rate of ₦1,390, the dollar declined by ₦5 to close at ₦1,385 on Thursday.
The improvement is a positive development for importers, manufacturers and businesses that depend on foreign exchange to settle international obligations. A stronger naira can help moderate the cost of imported goods and reduce pressure on operating expenses.
Although the gain remains modest, market participants view the trend as an encouraging sign for exchange rate stability.
Market Insight
Currency traders reported balanced market activity on Thursday as available dollar supply matched demand across key trading locations. Demand from importers, travelers and international students remained present, but improved liquidity helped support the naira.
Analysts believe that sustained foreign exchange inflows and stable economic conditions could help preserve the current trend. However, the market remains sensitive to developments in oil prices, external reserves and monetary policy decisions.
Investors and businesses will continue to monitor these factors closely as they assess the outlook for the local currency.
Factors Influencing Dollar to Naira Exchange Rate
Several factors continue to determine the movement of the Dollar to Naira exchange rate, including:
- Crude oil export earnings
- Foreign exchange reserves
- Diaspora remittances
- Foreign direct and portfolio investments
- Demand for imports and foreign services
- Monetary policy actions
- Global economic developments
Changes in any of these indicators can significantly influence the supply and demand for foreign exchange in Nigeria.
Outlook for the Dollar to Naira Exchange Rate
Market observers expect the Dollar to Naira exchange rate to remain relatively stable in the near term if foreign exchange liquidity continues to improve.
The official foreign exchange market remains regulated by the Central Bank of Nigeria (CBN), which continues to pursue policies aimed at improving transparency and liquidity in the country’s FX market.
For daily updates on the Dollar to Naira exchange rate, market intelligence and economic developments, readers can visit Investors King. Parallel market rates can also be monitored through Aboki Forex, while official exchange rate information is available from the CBN.
As of Thursday, June 18, 2026, the Dollar to Naira black market exchange rate stands at ₦1,375 buying rate and ₦1,385 selling rate, reflecting a modest appreciation of the naira and continued stability in Nigeria’s parallel foreign exchange market.
