- Dollar To Naira Exchange Rate Today, June 16, 2026
- CBN exchange rate ranged between ₦1,354 and ₦1,360.
- Exchange rates may vary across locations and dealers.
The Dollar to Naira exchange rate remained relatively stable on Tuesday, June 16, 2026, across both the parallel market and the official foreign exchange market.
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EKO HOT BLOG reports that according to Bureau De Change (BDC) operators in Lagos, the United States Dollar exchanged at ₦1,400 per dollar for selling and ₦1,392 per dollar for buying in the black market, also known as the parallel market.
The rates reflect ongoing activity in the informal foreign exchange market, where many Nigerians source foreign currency despite repeated warnings from the Central Bank of Nigeria (CBN).
Dollar To Naira Exchange Rate Today
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Selling Rate | ₦1,400 |
| Buying Rate | ₦1,392 |
Meanwhile, the official exchange rate published by the Central Bank of Nigeria showed lower figures compared to the parallel market.
Dollar To Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1,360 |
| Lowest Rate | ₦1,354 |
The CBN has consistently maintained that it does not recognize the parallel market and has advised individuals and businesses seeking foreign exchange transactions to use authorized financial institutions.
The difference between the official and black market rates continues to reflect pressure on foreign exchange demand and supply within the economy.
It is important to note that foreign exchange rates may vary depending on location, transaction volume, and market conditions. As a result, the rate at which individuals buy or sell dollars may differ from the figures quoted in this report.
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