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Dollar to Naira Exchange Rate – Black Market (Aboki Rate)
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The exchange rate for the US dollar against the Nigerian naira at the Lagos parallel market, popularly known as the black market, stood at ₦1,415 per dollar for selling and ₦1,405 per dollar for buying on Wednesday, July 22, 2026, according to Bureau De Change (BDC) sources.
Meanwhile, the Central Bank of Nigeria (CBN) continues to maintain that it does not recognize the parallel market and has advised individuals seeking foreign exchange transactions to use authorized commercial banks.
Dollar to Naira Black Market Rate
| Currency Pair | Buying Rate | Selling Rate |
|---|---|---|
| USD/NGN | ₦1,405 | ₦1,415 |
Dollar to Naira CBN Official Rate
| Currency Pair | Highest Rate | Lowest Rate |
|---|---|---|
| USD/NGN | ₦1,378 | ₦1,365 |
It is important to note that foreign exchange rates vary across locations and dealers. As a result, the rate at which you buy or sell dollars may differ slightly from the figures quoted above depending on the market conditions and your location.
