Naira
Dollar to Naira Black Market Exchange Rate Today: Dollar Sells at ₦1,390 on Wednesday, June 10, 2026
The Dollar to Naira black market exchange rate traded at ₦1,390 on Wednesday, June 10, 2026, as the Nigerian currency surrendered some of the gains recorded in the previous trading session.
According to information obtained from Bureau De Change operators and parallel market traders, the Dollar to Naira exchange rate stood at ₦1,380 per dollar buying rate and ₦1,390 per dollar selling rate.
The latest figures represent a slight increase from Tuesday’s selling rate of ₦1,385, indicating renewed demand for the United States Dollar in the parallel market.
The Dollar to Naira exchange rate remains one of the most closely watched economic indicators in Nigeria due to its impact on inflation, import costs, international trade and foreign investment activities.
Dollar to Naira Black Market Exchange Rate Today
The current black market exchange rate is as follows:
| Currency | Operators Buy | Operators Sell |
|---|---|---|
| US Dollar (USD) | ₦1,380 | ₦1,390 |
This means Bureau De Change operators buy dollars from Nigerians at ₦1,380 per dollar and sell dollars to Nigerians at ₦1,390 per dollar.
Rates may vary slightly depending on location, transaction volume and prevailing market conditions.
How Much Is Dollar to Naira Today in Black Market?
For Nigerians searching online for how much is dollar to naira today in black market, the latest market data shows that anyone selling dollars to Bureau De Change operators will receive approximately ₦1,380 per dollar.
Meanwhile, individuals and businesses seeking to purchase dollars in the parallel market will pay around ₦1,390 per dollar.
The ₦10 difference between the buying and selling rates represents the trading margin maintained by operators in the foreign exchange market.
Dollar Rebounds After Previous Decline
The latest exchange rate suggests that the dollar regained some strength against the naira after easing to ₦1,385 in the previous session. The return to ₦1,390 reflects renewed demand for foreign currency among importers, travelers and businesses with international payment obligations.
Although the movement remains relatively small, traders continue to monitor market sentiment and liquidity conditions for signs of a more sustained trend.
The ability of the naira to maintain stability around current levels will depend largely on foreign exchange supply and broader economic conditions.
Market Insight
Currency traders reported steady activity across major foreign exchange markets on Wednesday, with demand for dollars remaining consistent. The market continues to benefit from improved liquidity compared to periods of heightened volatility, although demand pressure remains a key factor influencing exchange rate movements.
Analysts believe that continued foreign exchange inflows and stable economic conditions could help limit sharp fluctuations in the near term. However, any significant shift in oil prices, foreign investment flows or monetary policy could alter market direction.
Factors Influencing Dollar to Naira Exchange Rate
Several factors continue to shape the movement of the Dollar to Naira exchange rate, including:
- Crude oil export earnings
- Foreign exchange reserves
- Diaspora remittances
- Foreign direct and portfolio investments
- Import demand
- Central Bank monetary policies
Changes in these variables often determine the availability of foreign exchange and influence market pricing.
Outlook for the Dollar to Naira Exchange Rate
Market participants expect the Dollar to Naira exchange rate to remain within the current range in the short term as traders assess demand and supply conditions.
The official foreign exchange market remains regulated by the Central Bank of Nigeria (CBN), which continues to implement policies aimed at improving transparency and liquidity in Nigeria’s foreign exchange market.
For daily updates on the Dollar to Naira exchange rate, market intelligence and economic developments, readers can visit Investors King. Parallel market rates can also be monitored through Aboki Forex, while official exchange rate information is available from the CBN.
As of Wednesday, June 10, 2026, the Dollar to Naira black market exchange rate stands at ₦1,380 buying rate and ₦1,390 selling rate, reflecting continued activity in Nigeria’s parallel foreign exchange market.