The Dollar to Naira black market exchange rate recorded a moderate decline on Monday, March 16th 2026, as improved short-term dollar supply eased pressure on the naira across Nigeria’s parallel foreign exchange market.
As of today, black market operators are buying the United States Dollar at ₦1,385 and selling at ₦1,395, reflecting a ₦10 spread between the buying and selling rates. The movement represents a slight appreciation of the naira compared to previous trading sessions.
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The Dollar to Naira exchange rate remains one of the most closely followed financial indicators in Nigeria due to its impact on importation, foreign tuition payments, travel costs, online transactions and overall business expenses.
How Much Is Dollar to Naira Today in Black Market?
For individuals and businesses asking, how much is dollar to naira today in black market, the prevailing exchange rates in major currency trading hubs such as Lagos and Abuja are:
Buying Rate: ₦1,385 per $1
Selling Rate: ₦1,395 per $1
Although slight variations may occur depending on location and transaction size, ₦1,385–₦1,395 remains the dominant trading range observed in the parallel market today.
The black market operates independently of the official foreign exchange framework supervised by the Central Bank of Nigeria. Official exchange rate data and monetary policy decisions can be accessed through the apex bank’s website at https://www.cbn.gov.ng.
Despite efforts by monetary authorities to stabilize the forex market and improve liquidity, limited access to official dollar allocations continues to drive significant participation in the informal segment.
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