Black Market Dollar To Naira Rate Today Updated: Tuesday, July 28, 2026 | Lagos, Abuja, Port Harcourt
The black market dollar to naira rate today holds close to last week’s level. Bureau De Change dealers quote the dollar around ₦1,405 to buy and ₦1,415 to sell. That gap is the spread street traders build into every deal.
Meanwhile, the naira keeps gaining at the official window. The Central Bank of Nigeria’s market closed near ₦1,362 to ₦1,368 per dollar last session. That marks several straight days of naira strength on the official side, even as the street rate stays higher.
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Today’s Currency Table (Black Market vs. Official)
| Currency | Black Market Buy | Black Market Sell | CBN Official Rate |
|---|---|---|---|
| US Dollar (USD) | ₦1,405 | ₦1,415 | ₦1,362 – ₦1,368 |
| British Pound (GBP) | ₦1,880 | ₦1,900 | ₦1,813.62 |
| Euro (EUR) | ₦1,610 | ₦1,630 | ₦1,549.10 |
| Canadian Dollar (CAD) | ₦985 | ₦1,000 | ₦990.00 |
| South African Rand (ZAR) | ₦78.00 | ₦82.00 | ₦80.65 |
Rates are compiled from Bureau De Change quotes across Lagos, Abuja and Kano, plus CBN NFEM data as of July 24–27, 2026. Street rates change through the day, so confirm with your dealer before you exchange money.
Why the Naira Is Splitting in Two Directions
The official rate keeps improving because dollar supply has picked up. Diaspora remittances are flowing in, and oil export receipts are helping too. Middle East tensions have pushed oil prices up, and that usually supports Nigeria’s foreign reserves.
The street rate tells a different story. Importers, students paying tuition abroad, and travelers still turn to the parallel market when they cannot access dollars through their bank. That steady demand keeps the black market premium alive.
What to Watch This Week
The US Federal Reserve meets soon, and its decision could move the dollar sharply worldwide. A stronger dollar abroad often pushes Nigeria’s black market rate higher too. Keep an eye on that announcement if you plan to exchange currency this week.
Quick Tips for Exchanging Currency
- Compare rates from two or three BDC dealers before you commit.
- Use the official CBN window for school fees, medical bills or business imports if you qualify.
- Bank transfers and licensed remittance apps are often cheaper than street cash.
- Avoid dealers who ask for payment before they show proof of funds.
Bottom Line
The black market dollar to naira rate today sits at ₦1,405/₦1,415, while the CBN official window trades near ₦1,362 to ₦1,368. The spread between both markets remains wide, so check current rates before you buy or sell foreign currency.
Disclaimer: Exchange rates change daily and sometimes hourly. This table is for information only and is not a trading offer.
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