Black Market Dollar To Naira Exchange Rate Today June 28, 2026
The Nigerian naira traded at an average of ₦1,400 per United States dollar at the parallel market, popularly known as the black market, on Sunday, June 28, 2026.
Checks by market sources indicated that bureau de change operators and currency traders bought the dollar at an average rate of ₦1,385 and sold it for about ₦1,400, although rates varied slightly across locations and depending on the volume of transactions.
The exchange rate reflects continued activity in the parallel foreign exchange market, where many Nigerians source dollars due to limited access to foreign currency through official channels.
At the prevailing rate, $100 exchanged for approximately ₦140,000, while $1,000 sold for about ₦1.4 million in the black market.
The official exchange rate set by the Central Bank of Nigeria (CBN) typically differs from the parallel market rate, with fluctuations influenced by foreign exchange supply, demand, and broader economic conditions.
Currency traders noted that black market rates remain subject to daily changes based on market forces and may differ from one dealer or city to another.
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.
