Dollar to Naira Black Market Exchange Rate Today, Monday, June 1st, 2026

The Dollar to Naira exchange rate in the black market remained a key focus for businesses, travelers, importers and investors on Monday, June 1st, 2026, as demand for foreign exchange continued across Nigeria’s parallel market.

Foreign exchange remains one of the most closely watched indicators in the country due to its direct impact on inflation, import costs, international trade and the overall cost of living. As a result, many Nigerians regularly monitor the Dollar to Naira exchange rate before making financial decisions.

According to information gathered from currency traders operating in major foreign exchange markets across Nigeria, the Dollar to Naira black market exchange rate today is:

• Buying Rate: ₦1,395 per Dollar
• Selling Rate: ₦1,405 per Dollar

The rates may vary slightly depending on location, transaction volume and prevailing market conditions.

How Much Is Dollar to Naira Today in Black Market?

For those asking, “how much is dollar to naira today in black market?”, foreign exchange dealers are buying one United States Dollar at ₦1,395 and selling at ₦1,405 on Monday, June 1st, 2026.

The parallel market, commonly known as the black market, continues to serve individuals and businesses that are unable to access foreign currency through official banking channels. The market remains highly active due to persistent demand for dollars for international payments, school fees, medical expenses, travel and importation.

However, exchange rates in the black market can fluctuate throughout the day depending on supply and demand dynamics. Therefore, market participants are advised to verify prevailing rates before concluding transactions.

Dollar to Naira Exchange Rate and Market Outlook

The Dollar to Naira exchange rate remains sensitive to developments in Nigeria’s foreign exchange market. Factors such as foreign portfolio investment inflows, crude oil prices, diaspora remittances and monetary policy decisions often influence the value of the naira.

Analysts believe that sustained foreign exchange reforms and improved dollar liquidity could help narrow the gap between the official and parallel market exchange rates over time.

Despite recent efforts by monetary authorities, demand for foreign currency remains strong, particularly among importers and businesses involved in international trade.

CBN Official Exchange Rate

The official exchange rate is regulated through the foreign exchange market overseen by the Central Bank of Nigeria (CBN). The apex bank continues to implement policies aimed at improving transparency, liquidity and stability within the Nigerian foreign exchange market.

While the official market and black market rates often differ, both remain important indicators for businesses and investors assessing economic conditions in Nigeria.

Individuals seeking official foreign exchange information can visit the CBN website for updates and policy announcements.

Where to Check Daily Dollar to Naira Exchange Rates

To stay informed about daily movements in the Dollar to Naira exchange rate, readers can follow reliable financial information platforms and forex monitoring services.

For comprehensive business news, market analysis and exchange rate updates, visit Investors King.

You can also monitor parallel market rates through Aboki Forex, a popular platform used by many Nigerians for black market exchange rate information.

Dollar to Naira Black Market Summary for Monday, June 1st, 2026

The Dollar to Naira exchange rate remains one of the most searched financial terms in Nigeria as businesses, investors and consumers continue to track developments in the foreign exchange market. Market participants are encouraged to stay updated through trusted financial sources and verify rates before conducting transactions.