The exchange rate between the United States Dollar and the Nigerian Naira in the parallel market, popularly known as the black market or Aboki FX, stood at ₦1,401 per dollar for selling and ₦1,392 per dollar for buying on Wednesday, June 17, 2026.
According to sources within the Bureau De Change (BDC) segment in Lagos, traders exchanged the American currency at the above rates amid continued demand for foreign exchange in the unofficial market.
Black Market Dollar to Naira Exchange Rate
| Dollar to Naira (USD/NGN) | Rate |
|---|---|
| Buying Rate | ₦1,392 |
| Selling Rate | ₦1,401 |
Meanwhile, the official exchange rate window maintained by the Central Bank of Nigeria (CBN) recorded lower rates for the local currency against the dollar.
CBN Dollar to Naira Exchange Rate
| Dollar to Naira (USD/NGN) | Rate |
|---|---|
| Highest Rate | ₦1,361 |
| Lowest Rate | ₦1,357 |
The Central Bank of Nigeria has consistently maintained that it does not recognize transactions conducted in the parallel market and has advised individuals and businesses seeking foreign exchange to utilize authorized financial institutions and official channels.
Market observers noted that exchange rates in the black market can vary depending on location, transaction volume, and prevailing market conditions. As a result, the rates at which individuals buy or sell foreign currencies may differ slightly from those quoted by traders.
The gap between the official and parallel market rates continues to be closely monitored by investors, businesses, and foreign exchange traders as Nigeria navigates ongoing economic and monetary policy developments.