Viral
Current Black Market Dollar (Aboki) Exchange Rate
The dollar to naira exchange rate at the Lagos Parallel Market, popularly known as the black market (Aboki market), shows that the United States dollar is being sold for ₦1,425 and bought for ₦1,410 as of Monday, July 13, 2026, according to Bureau De Change (BDC) sources.
It is important to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market as an official foreign exchange platform. The apex bank has consistently advised individuals and businesses seeking foreign exchange to conduct their transactions through authorised financial institutions.
Dollar to Naira Black Market Rate
| Currency Pair | Buying Rate | Selling Rate |
|---|---|---|
| USD/NGN | ₦1,410 | ₦1,425 |
Dollar to Naira CBN Official Rate
According to the official foreign exchange market:
| Currency Pair | Rate |
|---|---|
| Highest Rate | ₦1,381/$ |
| Lowest Rate | ₦1,378/$ |
The difference between the official and parallel market rates continues to reflect the persistent demand for foreign exchange outside the official market.
Prospective buyers and sellers should also note that exchange rates may vary across Bureau De Change operators and locations depending on market conditions, transaction volume, and the availability of foreign currency. As a result, the rates quoted above may differ slightly from those obtainable at the point of transaction.
