Black Market Dollar to Naira Exchange Rate for Today, Friday, September 11, 2026
The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained steady on Friday, September 11, 2026, with the US dollar trading at N1,385 for buying and N1,390 for selling across major Bureau De Change (BDC) markets.
According to information obtained from Bureau De Change operators, the N1,385 buying rate represents the amount dealers pay Nigerians selling US dollars, while the N1,390 selling rate is the amount customers pay to purchase one US dollar. Rates may vary slightly depending on location, transaction size and individual dealers.
The parallel market continues to serve businesses and individuals requiring foreign exchange for imports, overseas tuition, medical expenses, international travel and other cross-border transactions.
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 Friday, September 11, 2026:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | N1,385 | N1,390 |
At the prevailing rates:
- Selling $100 would fetch approximately N138,500.
- Buying $100 would cost approximately N139,000.
- Selling $1,000 would yield about N1.385 million.
- Purchasing $1,000 would cost approximately N1.39 million.
Naira Holds Steady Against the Dollar
The Dollar to Naira exchange rate remained unchanged from the previous trading session, indicating balanced demand and supply in the parallel market.
Demand for foreign exchange continues to come from importers, manufacturers, international travellers, businesses settling overseas obligations and Nigerians paying tuition and medical bills abroad. While demand remains resilient, improved liquidity in the broader foreign exchange market has helped limit volatility in recent weeks.
Key Factors Influencing the Exchange Rate
The movement of the Dollar to Naira exchange rate continues to be influenced by:
- Demand for foreign exchange from businesses and individuals.
- Availability of US dollars in the official and parallel markets.
- Nigeria’s crude oil export earnings and external reserves.
- Diaspora remittances and foreign capital inflows.
- Monetary policy and foreign exchange reforms.
- Inflation and broader macroeconomic conditions.
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 Nigerian Foreign Exchange Market (NFEM) exchange rate remains below the parallel market rate because both markets operate under different pricing mechanisms, liquidity conditions and access requirements.
Outlook
Analysts expect the Dollar to Naira exchange rate to remain broadly influenced by foreign exchange liquidity, oil export receipts, external reserves, investor confidence and monetary policy. Improved dollar inflows could strengthen the naira, while persistent demand in the parallel market may keep the exchange rate within its current range.
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