- Dollar To Naira Exchange Rate Today, June 7, 2026
- Black market buying rate stood at ₦1,385 per dollar.
- CBN official rate ranged between ₦1,360 and ₦1,366.
The Naira maintained relative stability against the United States Dollar on Sunday, June 7, 2026, as traders continued to monitor developments in Nigeria’s foreign exchange market.
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EKO HOT BLOG reports that at the parallel market, commonly referred to as the black market, the Dollar traded at ₦1,400 per dollar for selling and ₦1,385 per dollar for buying. The rates remained largely unchanged from the previous trading session, reflecting steady demand for foreign currency.
Meanwhile, the official market operated within a lower exchange rate range, according to figures from the Central Bank of Nigeria (CBN).
Black Market Dollar To Naira Rate Today
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1,385 |
| Selling Rate | ₦1,400 |
CBN Dollar To Naira Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Lowest Rate | ₦1,360 |
| Highest Rate | ₦1,366 |
The difference between the official and parallel market rates continues to highlight the pressure on Nigeria’s foreign exchange market. While the Central Bank has introduced several reforms aimed at improving liquidity and attracting foreign investment, many individuals and businesses still rely on the parallel market to meet their foreign exchange needs.
Economic experts note that exchange rate movements remain a key factor influencing inflation, import costs and the overall cost of doing business in the country. A stronger naira can help moderate the prices of imported goods, while further depreciation may increase costs across several sectors of the economy.
Market observers are expected to continue monitoring foreign exchange inflows, oil revenue performance and monetary policy decisions, which could influence the direction of the naira in the coming weeks.’
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