Black Market Dollar to Naira Exchange Rate for Today, Thursday, September 10, 2026

The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained largely stable on Thursday, September 10, 2026, as the United States dollar traded at N1,385 on the buying side and N1,390 on the selling side across major Bureau De Change (BDC) markets.

Market activity indicated that the naira continued to hold its recent gains amid relatively balanced demand and supply in the parallel market.

According to information obtained from Bureau De Change (BDC) operators, dealers are buying one US dollar from Nigerians at approximately N1,385, while Nigerians seeking to purchase dollars are paying about N1,390 per dollar. Exchange rates may vary slightly depending on location, transaction size and individual dealers.

The black market remains a key source of foreign exchange for importers, manufacturers, international travellers, students paying tuition abroad, businesses settling overseas obligations and individuals requiring immediate access to US dollars.

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 Thursday, September 10, 2026:

The N1,385 buying rate represents the amount Bureau De Change operators pay Nigerians selling one US dollar, while the N1,390 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 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.

Dollar to Naira Exchange Rate Holds Steady

The Dollar to Naira exchange rate remained unchanged from the previous trading session, with the dollar continuing to trade at N1,385 for buying and N1,390 for selling in the parallel market. The stability suggests that foreign exchange demand and dollar supply remained broadly balanced across Bureau De Change operators.

Despite the steady exchange rate, market participants continue to monitor developments in the official foreign exchange market, crude oil prices, foreign portfolio inflows and monetary policy decisions, all of which could influence the direction of the naira in the coming days.

Factors Influencing the Dollar to Naira Exchange Rate

Several factors continue to determine the movement of the Dollar to Naira exchange rate, including:

• Demand for foreign exchange from importers, manufacturers and travellers.
• 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 broader macroeconomic conditions.

These factors continue to shape the value of the naira in both the official and parallel foreign exchange 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 Nigerian Foreign Exchange Market (NFEM) continues to trade at a lower exchange rate than the parallel market because the two markets operate under different pricing mechanisms, liquidity conditions and regulatory frameworks.

Dollar to Naira Outlook

Analysts expect the Dollar to Naira exchange rate to remain influenced by foreign exchange liquidity, crude oil export earnings, investor confidence, external reserves, diaspora remittances and monetary policy developments. While improved official dollar supply could provide further support for the naira, strong demand for foreign exchange is expected to keep the parallel market active in the near term.

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