Black Market Dollar To Naira Exchange Rate Today, June 27, 2026
The Nigerian naira ended the week on a relatively stable note against the United States dollar, exchanging at ₦1,378.47 to $1 at the official foreign exchange market on Saturday, June 27, 2026.
Market data showed the local currency remained largely stable despite slight fluctuations recorded during the week. On Friday, the naira closed at ₦1,380.93/$, representing a marginal depreciation of 82 kobo or 0.05 per cent from Thursday’s closing rate of ₦1,380.10/$. The currency had opened the week at ₦1,369.10/$ before weakening slightly in subsequent trading sessions.
At the parallel (black) market, the dollar traded at around ₦1,400/$, reflecting a gap of about ₦21.53 between the official and unofficial exchange rates.
Analysts attribute the naira’s performance to sustained interventions by monetary authorities, improved foreign exchange liquidity, and continued efforts to stabilise the Nigerian foreign exchange market. However, demand for dollars from importers, manufacturers, and individuals continues to exert pressure on the local currency.
The exchange rate remains a key indicator for businesses, investors, and individuals involved in international transactions, with market participants expected to closely monitor developments in the coming week.
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.
