Dollar to Naira Black Market Exchange Rate Update

The Dollar to Naira black market exchange rate remained relatively stable on Friday, February 27th 2026, as trading activities in Nigeria’s parallel foreign exchange market reflected balanced demand and supply conditions.

As of today, currency operators in the black market are buying the United States Dollar at ₦1,345 and selling at ₦1,355. The ₦10 spread between the buying and selling rates continues to represent the typical margin maintained by parallel market traders.

The Dollar to Naira exchange rate is one of the most searched financial indicators in Nigeria because of its direct impact on importation, foreign tuition payments, international travel, online transactions and business operations.

How Much Is Dollar to Naira Today in Black Market?
For those asking, how much is dollar to naira today in black market, the prevailing rates across major exchange hubs are:

Buying Rate: ₦1,345 per $1

Selling Rate: ₦1,355 per $1

Although rates may vary slightly depending on location and transaction volume, ₦1,345–₦1,355 remains the dominant range observed in Lagos, Abuja and other commercial centers.

The black market operates independently of the official foreign exchange window supervised by the Central Bank of Nigeria. Official exchange rate data and policy updates can be accessed via the apex bank’s website at https://www.cbn.gov.ng.

Despite monetary policy reforms and exchange rate adjustments within the official window, many Nigerians continue to rely on the parallel market due to limited access to foreign currency through formal banking channels.