- Dollar To Naira Exchange Rate Today, June 6, 2026
- Black market buying rate stood at ₦1,385 per dollar.
- Official CBN rate traded between ₦1,360 and ₦1,366.
The Dollar to Naira exchange rate remained relatively stable on Saturday, June 6, 2026, across both the parallel market and the official foreign exchange market.
Checks on the black market showed that the United States Dollar exchanged at ₦1,400 per dollar for selling and ₦1,385 per dollar for buying. The rates reflect ongoing demand for foreign currency among importers, travelers and businesses seeking access to dollars outside official channels.
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EKO HOT BLOG reports that data from the Central Bank of Nigeria (CBN) indicated that the official exchange rate traded within the ₦1,360 to ₦1,366 range during the day.
| Exchange Market | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,385 | ₦1,400 |
| CBN Official Market | ₦1,360 (Lowest) | ₦1,366 (Highest) |
The difference between the parallel market rate and the official market rate highlights the continued gap between both segments of Nigeria’s foreign exchange market. While the CBN has introduced several reforms aimed at improving liquidity and attracting foreign investment, many individuals and businesses still rely on the black market to meet their foreign currency needs.
Economic analysts continue to monitor movements in the exchange rate, as fluctuations in the value of the naira have direct implications for inflation, import costs and the overall cost of living in the country.
It is important to note that exchange rates may vary across locations, dealers and financial institutions due to market forces and demand levels.
