- Dollar to Naira Exchange Rate Today, July 8, 2026
- Black market buying rate stood at ₦1,400 per US dollar.
- CBN official exchange rates ranged between ₦1,369 and ₦1,380.
The Dollar to Naira exchange rate remained relatively stable on Tuesday, July 8, 2026, across both the parallel market and the official foreign exchange market.
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EKO HOT BLOG reports that according to available market data, the black market exchange rate stood at ₦1,410 per US dollar for selling and ₦1,400 per US dollar for buying.
At the official market, the Central Bank of Nigeria (CBN) recorded the highest exchange rate at ₦1,380/$ and the lowest rate at ₦1,369/$.
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,400 | ₦1,410 |
| CBN Highest Rate | N/A | ₦1,380 |
| CBN Lowest Rate | N/A | ₦1,369 |
It is important to note that exchange rates may vary across locations, banks and Bureau De Change operators due to market conditions and demand.
Exchange rates in the black market are not fixed and may vary depending on the location, volume of the transaction and individual Bureau De Change operators. Prices can also fluctuate several times within the day as market conditions change.
Analysts say the naira’s performance in the coming weeks will depend on factors such as foreign exchange inflows, investor confidence, crude oil earnings and the Central Bank’s monetary policies aimed at improving liquidity in the forex market.
Individuals and businesses intending to buy or sell foreign currency are advised to confirm prevailing rates before carrying out transactions, as market prices are subject to change without notice.
