The naira holds fairly steady against the dollar today, and traders across Lagos, Abuja, and Port Harcourt continue to watch the gap between the official window and the street market. Meanwhile, global currencies drift in different directions, and crypto assets swing after a choppy week. So, here is a full breakdown of today’s rates, gathered from the Central Bank of Nigeria (CBN), parallel market dealers, and major crypto exchanges, so you can plan your transactions with confidence.
Naira To Dollar Black Market Rate Today: Official vs. Black Market
First, let’s look at the naira. The official CBN rate stays close to ₦1,380 per dollar today, and it barely moves after the apex bank retained its benchmark interest rate at 26.50 percent. On the other hand, the black market, also called the parallel or “aboki” market, trades the dollar a good deal higher. As a result, the premium between both windows remains narrow compared to previous years, though it still matters for anyone converting cash by hand.
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| Currency | CBN Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|
| US Dollar (USD) | 1,380.18 | 1,410.00 | 1,425.00 |
| British Pound (GBP) | 1,860.40 | 1,890.00 | 1,903.00 |
| Euro (EUR) | 1,590.20 | 1,580.00 | 1,640.00 |
| Canadian Dollar (CAD) | 995.10 | 1,000.00 | 1,040.00 |
| Chinese Yuan (CNY) | 192.30 | 206.50 | 209.40 |
| Swiss Franc (CHF) | 1,690.00 | 1,704.08 | 1,705.31 |
| Danish Krone (DKK) | 207.10 | 210.64 | 210.79 |
| South African Rand (ZAR) | 76.40 | 78.00 | 80.50 |
| UAE Dirham (AED) | 375.90 | 380.00 | 390.00 |
Rates change often, so dealers in different cities may quote slightly different figures. Always confirm with your BDC operator before you exchange cash.
Naira To Dollar Black Market Rate Today: Major World Currencies Today
Beyond the naira, several major currency pairs also shift today. For instance, the dollar strengthens slightly against the pound, while it eases a touch against the yuan. Traders blame the moves on mixed signals from central banks and cautious sentiment ahead of upcoming inflation data.
| Currency Pair | Rate | Daily Change |
|---|---|---|
| EUR/USD | 1.1404 | -0.09% |
| GBP/USD | 1.3378 | -0.36% |
| USD/JPY | 160.21 | +0.42% |
| USD/CNY | 6.7569 | -0.01% |
| AUD/USD | 0.7003 | +0.09% |
| USD/CHF | 0.8125 | +0.31% |
| USD/CAD | 1.4108 | +0.21% |
Cryptocurrency Prices Today
Meanwhile, the crypto market stays active, and Bitcoin holds above the $66,000 mark after a brief dip earlier this week. Ethereum also recovers some ground, and both coins continue to draw attention from investors who hedge against currency volatility.
| Cryptocurrency | Price (USD) | Approx. Naira Value (Black Market) |
|---|---|---|
| Bitcoin (BTC) | $66,310.80 | ≈ ₦94,468,890 |
| Ethereum (ETH) | $1,871.21 | ≈ ₦2,666,474 |
| Tether (USDT) | $1.00 | ≈ ₦1,425 |
| BNB | $620.40 | ≈ ₦884,070 |
| XRP | $1.13 | ≈ ₦1,610 |
| Solana (SOL) | $142.60 | ≈ ₦203,205 |
Naira values use today’s black market sell rate for the dollar (₦1,425) as a benchmark and round to the nearest whole number.
What This Means for You
So, what should you take away from all this? First, the naira keeps a stable footing today, and that stability helps importers plan their costs more accurately. Second, the gap between the official and black market rates narrows, and this trend suggests the CBN’s reforms continue to work as intended. Finally, crypto assets recover slightly, so investors who watch Bitcoin and Ethereum closely may find short-term opportunities, though volatility still lingers.
In addition, Nigeria’s foreign reserves climb past $52 billion, and analysts credit this growth to steady crude oil exports and improved diaspora remittances. Consequently, many economists expect the naira to hold its current range in the near term, barring any fresh shocks.
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