The exchange rate between the United States Dollar and the Nigerian Naira at the parallel market, popularly known as the black market or Aboki FX, stood at ₦1,405 per dollar for selling and ₦1,393 per dollar for buying on Thursday, June 18, 2026.
Information obtained from Bureau De Change (BDC) operators in Lagos indicated that traders sold one dollar at ₦1,405, while the buying rate was ₦1,393.
According to market sources, the rates reflected ongoing fluctuations in the foreign exchange market as demand for the dollar continued to influence pricing across the country.
Black Market Dollar to Naira Exchange Rate (June 18, 2026)
- Buying Rate: ₦1,393 per $1
- Selling Rate: ₦1,405 per $1
Meanwhile, at the official foreign exchange market, the Central Bank of Nigeria (CBN) rate ranged between ₦1,361 and ₦1,366 per dollar.
CBN Dollar to Naira Rate
- Highest Rate: ₦1,366 per $1
- Lowest Rate: ₦1,361 per $1
The CBN has consistently maintained that it does not recognize transactions conducted through the parallel market and has advised individuals and businesses seeking foreign exchange to utilize authorized financial institutions and licensed channels.
It is important to note that foreign exchange rates may vary across locations and dealers, meaning the actual rates offered to buyers and sellers could differ from those quoted in the market.