- Naira weakens slightly against dollar at parallel market
- Black market rates show continued pressure from forex demand
- CBN rates remain relatively stable amid intervention efforts
The exchange rate between the United States Dollar and the Nigerian Naira remained under pressure on Monday, March 30, 2026, as demand for foreign currency continued to outweigh supply across various segments of the market.
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EKO HOT BLOG reports that at the parallel market, also known as the black market, the Naira recorded a slight depreciation against the dollar compared to previous sessions. Traders attributed the movement to sustained demand from importers and limited forex inflows into the informal market.
Below is a breakdown of the latest exchange rates:
| Dollar to Naira Black Market Rate Today | |
|---|---|
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | ₦1430 |
| Buying Rate | ₦1410 |
| Dollar to Naira CBN Rate Today | |
|---|---|
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1384 |
| Lowest Rate | ₦1377 |
At the official window, the Central Bank of Nigeria maintained a relatively stable range, with the highest rate recorded at ₦1384 and the lowest at ₦1377. This reflects ongoing efforts by monetary authorities to stabilise the currency through controlled interventions.
Economic analysts say the gap between the official and parallel market rates continues to highlight underlying liquidity challenges in the foreign exchange market. They also note that policy consistency and improved dollar inflows remain key to narrowing the disparity.
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