Dollar to Naira Black Market Exchange Rate Today, Friday, July 10, 2026

The Dollar to Naira exchange rate in the Nigerian black market, also known as the parallel market, traded within a relatively stable range on Friday, July 10, 2026, as demand for the United States dollar remained resilient across major Bureau De Change (BDC) markets.

Foreign exchange dealers said trading activities were supported by steady demand from importers, international travelers, students making tuition payments abroad, and businesses sourcing foreign currency for overseas transactions.

Although the official foreign exchange market continues to receive policy support aimed at improving liquidity, many Nigerians still rely on the parallel market because of its accessibility and quicker transaction process.

According to information obtained from Bureau De Change (BDC) operators, the Dollar to Naira exchange rate today is:

• Buying Rate: ₦1,385 per US Dollar (the rate at which Bureau De Change operators buy dollars from Nigerians)
• Selling Rate: ₦1,395 per US Dollar (the rate at which Bureau De Change operators sell dollars to Nigerians)

Exchange rates in the black market are determined by prevailing demand and supply conditions and may vary slightly depending on the city, transaction volume, and individual dealer.

How Much Is Dollar to Naira Today in Black Market?

For Nigerians asking, “How much is Dollar to Naira today in black market?”, below is the latest parallel market exchange rate as of Friday, July 10, 2026:

The buying rate represents the amount Bureau De Change operators pay Nigerians for each US dollar, while the selling rate is the amount customers pay to purchase one US dollar in the parallel market.

What Is Driving the Dollar to Naira Exchange Rate?

Several economic factors continue to influence the Dollar to Naira exchange rate in Nigeria’s parallel market, including:

• Demand for foreign exchange from importers, manufacturers, and travelers.
• Availability of US dollars through the official foreign exchange market.
• Nigeria’s crude oil export earnings and external reserve levels.
• Diaspora remittances and foreign investment inflows.
• Monetary policy decisions and foreign exchange reforms.
• Inflation, market sentiment, and overall macroeconomic conditions.

Changes in any of these factors can lead to fluctuations in the exchange rate throughout the trading day.

Official Dollar to Naira Exchange Rate

Nigeria’s official foreign exchange market operates under the supervision of the Central Bank of Nigeria (CBN), which continues to implement reforms designed to improve liquidity, strengthen market transparency, and enhance exchange rate stability.

The official exchange rate may differ from the black market rate because the two markets operate under different pricing mechanisms, supply conditions, and regulatory frameworks. Individuals and businesses are advised to compare rates from both markets before carrying out foreign exchange transactions.

Outlook for the Naira

Analysts expect the Dollar to Naira exchange rate to remain influenced by foreign exchange inflows, crude oil receipts, investor confidence, and monetary policy actions in the coming weeks. A sustained increase in dollar liquidity through official channels could ease pressure on the naira and help narrow the gap between the official and parallel market exchange rates.

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