Dollar to Naira Black Market Rate Today — Friday, 10 July 2026

The naira slipped further against the dollar on Friday, 10 July 2026, with the black market rates settling at ₦1,403.30 to buy and ₦1,413.55 to sell one US dollar, marking a 0.34 percent weakening of the naira compared to Thursday's session.

For importers and small business owners who rely on the parallel market to source foreign exchange, even a modest daily movement of this kind carries real consequences. At a sell rate of ₦1,413.55 per dollar, the cost of funding a shipment, whether raw materials, finished goods, or machinery rises incrementally with each session, squeezing margins on goods that were priced days or weeks earlier. A consignment requiring $50,000 in foreign exchange now costs approximately ₦70.68 million at the street rate, compared to roughly ₦68.96 million at the CBN official rate of ₦1,379.25, representing a spread of over ₦34.30 per dollar. That gap, compounded across large volumes, translates directly into higher landed costs and thinner profit margins for businesses that cannot access the interbank window.

The spread between the official and parallel rates now stands at roughly ₦34.30 on the sell side, a differential that importers must factor carefully into their pricing models. Businesses that set retail prices based on CBN rate expectations but end up sourcing dollars at the parallel rate risk absorbing losses that erode quarterly returns, particularly in sectors such as consumer electronics, pharmaceuticals, and fast-moving consumer goods where competition limits the ability to pass costs on to end buyers.

Other major currencies tracked in the parallel market also reflect the broader pressure on the naira. Sterling was quoted at ₦1,876.30 to buy and ₦1,889.83 to sell, details of which are available on the pounds-to-naira page, while the euro traded at ₦1,617.05 buy and ₦1,628.71 sell. Importers sourcing goods from European suppliers should weigh the euro rate alongside the dollar when evaluating total procurement costs, given that many European trade invoices are euro-denominated.