Connect with us

News

Black Market Dollar to Naira Exchange Rate Today, Friday, March 6th 2026

Published

on

Dollar Crashes in Fresh Battle Against Naira

The Dollar to Naira black market exchange rate maintained its upward trajectory on Friday, March 6th 2026, as sustained demand for foreign currency continued to exert pressure on the naira across Nigeria’s parallel forex market.

As of today, black market operators are buying the United States Dollar at ₦1,380 and selling at ₦1,390, reflecting a ₦10 spread between buying and selling rates. The increase signals continued tight liquidity conditions within the informal segment of the foreign exchange market.

READ ALSO  Top Ex-Kano Governor Finally Dumps Opposition Party

The Dollar to Naira exchange rate remains one of the most closely monitored economic indicators in Nigeria due to its influence on importation costs, foreign tuition payments, medical expenses abroad, travel bookings and online international transactions.

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 are:

READ ALSO  Top Ex-Kano Governor Finally Dumps Opposition Party

Buying Rate: ₦1,380 per $1

Selling Rate: ₦1,390 per $1

Although minor variations may occur depending on location, dealer pricing and transaction volume, ₦1,380–₦1,390 remains the dominant trading range across Lagos, Abuja and other key commercial cities.

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

READ ALSO  Top Ex-Kano Governor Finally Dumps Opposition Party

Source: investorsking.com

Advertisement

Your email address will not be published. Required fields are marked *