Dollar to Naira Black Market Rate Today — Monday, 10 August 2026

The naira held broadly steady against the dollar on Monday, 10 August 2026, with black market rates opening at ₦1,420.87 to buy and ₦1,425.63 to sell, reflecting a marginal 0.04 percent uptick in the parallel rate compared to Sunday's close.

For the millions of Nigerian families who depend on diaspora transfers to cover school fees, medical bills, and household expenses, the movement was too small to cause alarm but notable enough to watch closely. A sender in Houston or London wiring $500 today would see their recipient collect roughly ₦710,435 at the parallel buy rate. A figure that underscores just how sensitive household budgets have become to even fractional shifts in the exchange rate.

The gap between the street rate and the regulated window remains a key concern for remittance planners. The Central Bank of Nigeria's official rate currently stands at ₦1,361.50 per dollar, meaning the parallel market commands a premium of approximately ₦59 above the CBN official rate. Families whose transfers are routed through formal banking channels may therefore receive noticeably less naira per dollar than those using bureau de change operators or peer-to-peer platforms that track the street price more closely.

Sterling and euro senders are also active participants in this market. The pound sterling traded at ₦1,887.09 on the buy side and ₦1,906.75 on the sell side today. Anyone curious about the full picture for UK-based senders can consult the latest pounds to naira data for a detailed breakdown. Meanwhile, the euro came in at ₦1,597.98 buy and ₦1,617.70 sell, making euro-denominated transfers from Germany, Italy, and other eurozone countries a competitive option for families with relatives across continental Europe.

The spread between the buy and sell rates across all three currency pairs remains relatively tight, which traders interpret as a sign of moderate liquidity in the parallel market. Sharp widening of that spread is typically an early warning of scarcity or incoming volatility, so today's stability offers a degree of reassurance.