The Dollar to Naira black market exchange rate recorded a marginal increase on Wednesday, March 11, 2026, as demand for foreign exchange remained elevated across Nigeria’s parallel market.
As of Wednesday, currency traders in the parallel market were buying the United States Dollar at ₦1,401 and selling at ₦1,411, reflecting a ₦10 spread between the buying and selling rates.
The slight uptick from the previous trading session indicates continued pressure on the Nigerian Naira, amid tight foreign exchange liquidity and persistent demand from individuals and businesses.
The Dollar to Naira exchange rate remains one of the most closely watched financial indicators in Nigeria, as it directly affects import costs, international tuition payments, travel expenses, online subscriptions, and overall economic stability.
For individuals and businesses asking “how much is Dollar to naira today in the black market?”, the prevailing rates across major trading hubs such as Lagos and Abuja are:
- Buying Rate: ₦1,401 per $1
- Selling Rate: ₦1,411 per $1
However, market observers note that slight variations may occur depending on location, demand levels, and the volume of transactions. Despite these differences, the ₦1,401–₦1,411 range remains the dominant rate currently recorded in the parallel market.
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