Black Market Dollar to Naira Exchange Rate for Today, Tuesday, September 8, 2026

The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained relatively stable on Tuesday, September 8, 2026, as the United States dollar traded at N1,385 on the buying side and N1,410 on the selling side across major Bureau De Change (BDC) markets.

Current market data indicates that the parallel market continues to trade within a narrow range despite ongoing demand for foreign exchange.

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 N1,410 per dollar. Exchange rates may vary slightly depending on location, transaction size and individual dealers.

The parallel market continues to play a key role for businesses and individuals seeking immediate access to foreign currency for imports, international travel, tuition payments, medical expenses and other overseas 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 Tuesday, September 8, 2026:

The N1,385 buying rate represents the amount Bureau De Change operators pay Nigerians selling one US dollar, while the N1,410 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 N141,000.
• Selling $1,000 would yield about N1.385 million.
• Purchasing $1,000 would cost approximately N1.41 million.

Naira Holds Firm Despite FX Demand

The latest Dollar to Naira exchange rate suggests the naira continues to maintain relative stability in the parallel market even as demand for the US dollar remains strong.

Currency dealers said demand continues to come from importers, manufacturers, international travellers, businesses making overseas payments and Nigerians funding education and medical expenses abroad. Meanwhile, improved liquidity in the official foreign exchange market has helped reduce volatility in the parallel market in recent weeks.

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). Recent official market data shows the Nigerian Foreign Exchange Market (NFEM) rate around N1,320.56 per US dollar, considerably below the prevailing black market rate.

The difference between the official and parallel market rates reflects differences in pricing mechanisms, liquidity conditions and access to foreign exchange.

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. Continued improvements in official dollar supply could provide additional support for the naira, while sustained demand in the parallel market may keep exchange rates around current levels.

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