NGN black market rate on Jun 5, 2026: 1,374 per USD
On Friday, June 5, 2026, the US dollar traded at about 1,374 NGN on Nigeria's parallel (black) market at the close of observations. The day opened at 1,374 NGN, reached a high of 1,374 and a low of 1,373, a trading range of 1.37 NGN (0.10%).
Across 37 observations, the average price to buy dollars was 1,374 NGN and the average price received when selling dollars was 1,381 NGN. Over the session the Nigerian Naira was broadly flat against the dollar (+0.03% from open to close).
Official rate vs black market rate on Jun 5, 2026
The official exchange rate published for Nigeria on this date was 1,361 NGN per USD. The parallel-market close of 1,374 NGN therefore implied a premium of +1.02% over the official rate — a narrow gap, indicating the two markets were close to converged.
How this daily figure is produced
ETCurrency samples Nigeria's USD/NGN parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Jun 5, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Nigerian Naira black market rate on Jun 5, 2026?
- The USD to NGN parallel market rate closed at approximately 1,374 NGN per US dollar on Friday, June 5, 2026, after trading between 1,373 and 1,374 NGN.
- How much did the NGN move against the dollar that day?
- From an open of 1,374 to a close of 1,374 NGN, the parallel rate moved +0.03% on Jun 5, 2026.
- What was the gap between the official and black market NGN rate on that date?
- The official rate was 1,361 NGN per USD versus a parallel close of 1,374 NGN, a premium of +1.02%.
Figures are aggregated parallel-market observations for Nigeria in UTC and are indicative only; they are not a quote to trade. See the full USD → Nigerian Naira history or today's live rate.