Viral
Dollar to Naira Exchange Rate – Black Market (Aboki Forex Rate)
The exchange rate between the United States dollar and the Nigerian naira recorded a slight increase in the parallel market on Wednesday, June 17, 2026, with Bureau De Change (BDC) operators in Lagos selling the dollar at ₦1,401 and buying at ₦1,392.
The latest figures indicate a marginal movement in the black market as traders and businesses continue to monitor developments in Nigeria’s foreign exchange market.
Dollar to Naira Black Market Rate (Aboki FX)
| Currency Pair | Buying Rate | Selling Rate |
|---|---|---|
| USD/NGN | ₦1,392 | ₦1,401 |
Dollar to Naira Official CBN Rate
According to market data, the official exchange rate window recorded the following rates:
| Currency Pair | Rate |
|---|---|
| Highest Rate | ₦1,361/$ |
| Lowest Rate | ₦1,357/$ |
The difference between the official market and the parallel market continues to reflect ongoing demand pressures within Nigeria’s foreign exchange ecosystem.
The Central Bank of Nigeria has consistently maintained that it does not recognize the parallel market and has advised individuals and businesses seeking foreign exchange to use authorized banking channels and licensed financial institutions.
Market analysts note that exchange rates in the black market can vary across locations, dealers, and transaction volumes. As a result, the actual rate at which individuals buy or sell foreign currency may differ from the quoted market averages.
The naira’s performance in the coming days will likely be influenced by foreign exchange inflows, monetary policy decisions, crude oil earnings, and overall market demand for dollars.
