Dollar To Naira Exchange Rate Today, June 3, 2026

• Dollar To Naira Exchange Rate Today, June 3, 2026
• Black market buying rate stood at ₦1,376 per dollar.
• Official CBN exchange rate ranged from ₦1,359 to ₦1,365.

The Dollar to Naira exchange rate recorded slight movements across the parallel and official foreign exchange markets on Wednesday, June 3, 2026.

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EKO HOT BLOG reports that at the black market, also known as the parallel market, the United States Dollar was bought at an average rate of ₦1,376 and sold at ₦1,384. Rates may vary depending on location, transaction volume, and currency dealer.

Meanwhile, the official exchange rate data showed that the naira traded within a range of ₦1,359 to ₦1,365 against the dollar at the Central Bank of Nigeria (CBN) window.

The gap between the official and parallel market rates continues to reflect ongoing demand for foreign exchange in the Nigerian economy. While the Central Bank of Nigeria has maintained efforts to improve liquidity and stability in the forex market, many individuals and businesses still turn to the parallel market to meet their foreign currency needs.

Financial experts have advised Nigerians involved in foreign exchange transactions to monitor market trends regularly, as exchange rates can change throughout the day in response to market forces and economic developments.

It is important to note that black market rates are unofficial and may differ from rates offered by banks, bureaux de change, and other authorised foreign exchange dealers.

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