Black Market/Naira Exchange Rate Today Monday, May 11, 2026
The Nigerian naira traded within a relatively stable range against the United States dollar on Monday, May 11, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, amid sustained forex interventions and cautious market sentiment.
Data obtained from the Central Bank of Nigeria’s exchange rate portal showed that the official NFEM rate hovered around ₦1,361 per dollar in the latest trading session. The market recorded fluctuations between approximately ₦1,355 and ₦1,366 to the dollar as demand and supply dynamics continued to shape trading activities.
In the parallel market, also known as the black market, Bureau De Change operators in Lagos and Abuja exchanged the dollar at about ₦1,385 for buying and between ₦1,395 and ₦1,405 for selling, depending on location and transaction volume.
Market analysts said the relatively narrow gap between the official and parallel market rates reflects improved liquidity in the formal forex window and continued efforts by the Central Bank of Nigeria to stabilise the naira.
Recent trading data also indicated that the naira posted marginal gains in previous sessions at the NFEM, supported by stronger turnover and increased market activity.
Currency traders, however, noted that demand pressure for foreign exchange from importers, travellers, and businesses seeking offshore payments continues to keep the parallel market active despite relative stability in the official window.
Pound to Naira Black Market Today — GBP to NGN
Today, the Naira Black Market exchange rate for 1 Great British Pound (GBP) is 1860 Naira. This means that you can get 1860 Naira for every 1 Pound that you exchange. The Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government.
How much is 100 pounds in Naira today? At the current black market rate of 1860 per pound, 100 British Pounds = 186,000 Naira. Use the converter below to calculate any pound amount.
Euro to Naira Black Market Today — EUR to NGN
Today, the Naira Black Market exchange rate for 1 Euro (EUR) is 1600 Naira. This means that you can get 1600 Naira for every 1 Euro that you exchange. The Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government.
How much is 100 euros in naira today? At the current black market rate of 1600 per euro, 100 Euros = 160,000 Naira. Use the converter below to calculate any euro amount.
Canadian Dollar to Naira Today — CAD to NGN
Today, the Naira Black Market exchange rate for 1 Canadian Dollar (CAD) is 1000 Naira. This means that you can get 1000 Naira for every 1 Canadian Dollar that you exchange. The Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government.
Chinese Yuan (CNY) to Naira Black Market Rate
Today, the Naira Black Market exchange rate for 1 Chinese Yuan is 180 Naira. This means that you can get 180 Naira for every 1 Renminbi that you exchange. The Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government
Australian Dollar to Naira Today — AUD to NGN
Today, the Naira Black Market exchange rate for 1 Australian Dollar (AUD) is 800 Naira. This means that you can get 800 Naira for every 1 Aussie Dollar that you exchange in the Black Market (Parallel Market). The Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government.
Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.
