Dollar to Naira Black Market Exchange Rate Today, Monday, July 13, 2026

The Dollar to Naira exchange rate in the Nigerian black market, commonly referred to as the parallel market, remained relatively stable on Monday, July 13, 2026, as demand for the United States dollar continued to shape trading activities across Bureau De Change (BDC) markets nationwide.

Foreign exchange dealers reported that demand for the greenback remained steady from importers, manufacturers, travelers, parents paying overseas tuition fees, and businesses settling international obligations. Although Nigeria’s official foreign exchange market has recorded improvements in liquidity following recent policy reforms, many Nigerians still depend on the parallel market because of its accessibility and faster transaction process.

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

• Buying Rate: ₦1,380 per US Dollar (the rate at which Bureau De Change operators buy dollars from Nigerians)
• Selling Rate: ₦1,390 per US Dollar (the rate at which Bureau De Change operators sell dollars to Nigerians)

The exchange rate in the black market is not fixed and may vary slightly depending on the location, transaction volume, and individual Bureau De Change operator.

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 latest exchange rate as of Monday, July 13, 2026:

The buying rate is 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 from the parallel market.

Why the Dollar to Naira Exchange Rate Fluctuates

The movement of the Dollar to Naira exchange rate in the parallel market is influenced by several economic and market factors, including:

• Demand for foreign exchange by importers, manufacturers, and travelers.
• Availability of US dollars through the official foreign exchange market.
• Nigeria’s crude oil export earnings and external reserve position.
• Diaspora remittances and foreign portfolio investment inflows.
• Monetary policy decisions and foreign exchange interventions.
• Inflationary pressures and broader macroeconomic conditions.

These factors determine the daily movement of the naira against the US dollar and can result in changes to exchange rates throughout the trading day.

Official Dollar to Naira Exchange Rate

Nigeria’s official foreign exchange market is regulated by the Central Bank of Nigeria (CBN), which continues to implement policies aimed at improving foreign exchange liquidity, enhancing market transparency, and promoting exchange rate stability.

The official exchange rate may differ from the parallel market rate because both markets operate under different pricing mechanisms and supply conditions. Individuals and businesses are encouraged 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 liquidity, crude oil export receipts, investor confidence, diaspora remittances, and monetary policy actions in the weeks ahead. Sustained improvements in official dollar supply could help reduce pressure on the naira and gradually narrow the gap between the official and parallel market exchange rates.

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