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How Much Is Dollar To Naira Exchange Rate Today Black Market { Updated Daily }

The Naira to dollar exchange rate though pegged at an official rate of of N304 per $1 had been at what might be best described as free fall in the black market.

Though in recent days it has been fluctuating, currently at a rate of

  • N460 – buy per $ 1

  • N465 – sell per $ 1.

This rate isn’t encouraging , in fact, many Nigerians now spend more buying less, an act that shouldn’t be. I would be highlighting below reasons why it is so. To check this page for any changes in the dollar ratr, save or bookmark the link below

Save this page URL – NaijaQuest.Com/Dollars

dollar to naira exchange rate today black market

dollar to naira exchange rate today black market


Nigeria as a country imports more than it export. This shouldn’t be so. The ridiculous part of the whole scenario is we import things like pampers and toothpick many some countries to see us as consuming countries rather a producing country. You may think there is nothing wrong with this but a deep look into it would show you that we are strengthening the dollars against the Naira since most international transactions are in dollars. We need to become a producing country so we could have more to export aside oil.


In Nigeria, make a quality product and label it ‘made in Nigeria,’ and you would see low level of patronage. In the other way round, make an inferior product and label it made in US, Italy, Japan or even China and you would see how it would be rushed. This obsession for foreign products had made our importers import more exchanging our Naira for the dollars which had decrease the value of Naira.

This obsession had even gone to another level that we now prefer services rendered by persons from foreign countries who would demand to be paid in their own currency rather than our own. Nigerians fly out to study outside the country and go for other services like medication, conferences, seminars etc. It would be better if we can strike a balance in this. There is a recent campaign in Nigeria which is the ‘buy 9ja to grow the Naira,’ many people had no yet accepted it.


public officers who are supposed to be custodians of our collective wealth had turned around to become the ones looting it. When they loot, they change this money into dollar and stock them in foreign accounts, this had been the major source of Naira devaluation.


it is no news that Nigeria demands largely on oil exports for it revenue and it is also no news that this oil had lose value in the world market in recent years due to various reasons. This had led to a reduction in our revenue which had also affected the Naira. If only we can diversify to grow the Naira.


The policies been made by the Government had been a reason to. Just recently, there had been an outcry from some quarters that the Government had technical devalued the Naira, an allegation that the Government denied. Either way, many foreign investors had lost trust in the economy and had refused to invest. This among other reason had been the reason Naira is depreciating again the dollar.

In conclusion to how much Dollar To Naira Exchange Rate Today Black Market , I would like both the citizens and the Government to give a helping hand to the Naira before it becomes am object of ridicule like the Zimbabwe currency.

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  1. I like this sits

    1. you are welcome Boss Blessing

  2. pls can you do a compilation of the black market rates from 2014 till date?

  3. hello please can i get the rates fro 2014 till date

  4. for the most up to date and realistic black market Exchange rates

  5. Pls can you give us current black market exchange for the month os September 2016

    1. Hello Karim what you have above in the post is the current exchange rate as of today that am replying you. We try our best to update this post with the latest parallel / blackmarket rate

  6. 16years the naira go to usd 1$ from 120 to 160 naira ,but this only one year naira gos to 425 for 1$ ,can someone explains please what is happening here

    1. We need to start working individually and as a group to make Nigeria Great, then we can dream of one naira to one dollar

  7. Seems the dollar is just going high and low with out control. Na wa for naija. I had to order for a Dollar Mastercard to safe myself from all this non regulated charges naijatec.blogspot com

  8. yea,it’s cool and even better off if it can get
    higher than this coz it’s helps hand working fingers pls help us tell the NIGERIAN GOVERNMENT to work on that…GOD bless hard working niggaz and hard working fingerz…

    1. u bi kkkk, ur country they fall u they happy..

  9. True talk but who is going to put some sense in the government because, obviously it shows that they can’t read or think right because they think with there ass not the brain. i think the best way is to take them to a surgical room and fix this things to there brain..

  10. how much is dollar in nigeria

    1. Hi Oladele Busola
      The current dollar to naira rate is what you have in the post above, { the quoted part }. The rate in the post is always updated to reflect the current parallel / black market exchange rate.

  11. Very sad that naira exchange rates keep depreciating by the day


    Please i need updates on rate of dollar to naira.

    1. The current rate is stated in the post quoted and in orange colour. Daily updated .

  13. tell this to the president . he is doing bullshit

  14. When u hv an kkkkkk for a president and an kkkkk as finance minister .. what do u expect? Businessmen are crying and yahoo bo ys are still blowing hard currencies lyk kkkk recession .. so much for fighting corruption

  15. Talk,talk. tell us something new.tell us way forward in the current not say ‘Nigerians like foreign pampers’.what about u? say u like foreign things. who are “Nigerians”?u r telling us copy&paste theories. How many things are you yourself manufacturing and exporting? can ur product meet up with standard. when NEPA takes light while your quality control staff is in d lab, what kind of result do you think the whites expect from a lab without common NEPA light.dont blame Nigerians for liking foreign things.blame yourself.afterall what ssl,CMS, hosting provider are you using for this website? did u not see web4africa hosting providers? my people,first things first, abok should provide light and road, eliminate multiple taxation and provide access to loans for startups. I trust Nigerians we know what to do next.who said we dont like earning money in dollars (through export).abi my pips? no country can sustain manufacturing, research etc without constant light. period.

    1. Yeah, you are right on the point that every single Nigerian has to contribute his/her part in the growth of Nigeria

    2. I love ur comment, you be correct bussiness mogul

  16. Business mogul, I love ur comment, if government really ready to diversify our economy they should start from this ur points. Thanks

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