Black Market Dollar to Naira Exchange Rate for Today, Tuesday, August 11, 2026

The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained relatively stable on Tuesday, August 11, 2026, as demand for the United States dollar continued to outpace supply across major Bureau De Change (BDC) markets.

According to information obtained from Bureau De Change operators, the Dollar to Naira exchange rate today is:

• Buying Rate: ₦1,415 per US Dollar (the rate at which Bureau De Change operators buy dollars from Nigerians)
• Selling Rate: ₦1,425 per US Dollar (the rate at which Bureau De Change operators sell dollars to Nigerians)

The latest exchange rate indicates that the naira held steady against the US dollar in the parallel market despite persistent demand from importers, manufacturers, international travelers, students paying tuition abroad and businesses meeting foreign currency obligations. Market participants said trading remained active as buyers continued to seek dollars for commercial and personal transactions.

Black market exchange rates are determined by prevailing demand and supply conditions and may vary slightly depending on location, transaction size and individual Bureau De Change operators.

How Much Is Dollar to Naira Today in Black Market?

For those asking, “How much is Dollar to Naira today in black market?”, below is the prevailing exchange rate as of Tuesday, August 11, 2026:

The ₦1,415 buying rate represents the amount Bureau De Change operators pay Nigerians selling one US dollar, while the ₦1,425 selling rate represents the amount customers pay to purchase one US dollar from the parallel market.

At the prevailing rates:

• Selling $100 would fetch approximately ₦141,500.
• Buying $100 would cost approximately ₦142,500.
• Selling $1,000 would yield about ₦1.415 million, while purchasing $1,000 would cost approximately ₦1.425 million.

Dollar to Naira Holds Steady

The latest Dollar to Naira exchange rate suggests the parallel market remains broadly stable after trading within a narrow range in recent sessions. Currency traders attributed the stability to relatively balanced market activity, although demand for foreign exchange remains elevated.

Importers, manufacturers and businesses continue to source dollars to finance international trade, while individuals require foreign currency for overseas education, medical expenses, travel and other cross-border payments. At the same time, improved liquidity in the official market and periodic interventions by monetary authorities have helped prevent sharper movements in the exchange rate.

Factors Influencing the Dollar to Naira Exchange Rate

Several economic factors continue to influence the movement of the Dollar to Naira exchange rate in Nigeria, including:

• Demand for foreign exchange from importers, manufacturers and travelers.
• Availability of US dollars through official foreign exchange channels.
• Nigeria’s crude oil export earnings and external reserve position.
• Diaspora remittances and foreign investment inflows.
• Monetary policy decisions and foreign exchange reforms.
• Inflation expectations and overall macroeconomic conditions.

Changes in these factors can affect the availability of dollars and influence exchange rates in both the official and parallel markets.

Official Dollar to Naira Exchange Rate

Nigeria’s official foreign exchange market operates under the supervision of the Central Bank of Nigeria (CBN). The official exchange rate differs from the parallel market because both markets operate under different pricing mechanisms and liquidity conditions.

Individuals and businesses are advised to compare official and parallel market rates before conducting foreign exchange transactions.

Dollar to Naira Outlook

Analysts expect the Dollar to Naira exchange rate to remain influenced by foreign exchange liquidity, crude oil receipts, investor confidence, external reserves and monetary policy developments. Continued improvements in dollar supply through official channels could support the naira, while sustained demand in the parallel market may keep exchange rates around current levels.

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