Viral
Dollar to Naira Exchange Rate – Black Market (Aboki Dollar Rate)
The naira traded at ₦1,425 per US dollar at the Lagos Parallel Market, popularly known as the black market, on Friday, July 17, 2026, according to Bureau De Change (BDC) sources.
The buying rate for the US dollar was ₦1,412, while the selling rate stood at ₦1,425, reflecting the prevailing exchange rates in the informal foreign exchange market.
Dollar to Naira Black Market Rate
| Dollar to Naira (USD/NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1,412 |
| Selling Rate | ₦1,425 |
Dollar to Naira CBN Official Rate
According to available official market data, the Central Bank of Nigeria (CBN) exchange rate ranged as follows:
| Dollar to Naira (USD/NGN) | CBN Official Rate |
|---|---|
| Highest Rate | ₦1,382 |
| Lowest Rate | ₦1,378 |
The Central Bank of Nigeria does not recognize the parallel (black) market for foreign exchange transactions. The apex bank has consistently advised individuals and businesses seeking foreign exchange to obtain it through authorized commercial banks and other approved forex channels.
It is important to note that black market exchange rates are determined by demand and supply and may differ from one location or Bureau De Change operator to another. As a result, the rates at which you buy or sell foreign currency may vary slightly from the figures quoted above.
