The Dollar to Naira exchange rate at the Nigerian black market, also known as the parallel market (Aboki FX), has remained above the official Central Bank of Nigeria (CBN) rate.
According to Bureau De Change (BDC) sources in Lagos on Thursday, July 23, 2026, the US dollar is being bought at ₦1,410 and sold at ₦1,420 in the parallel market.
Dollar to Naira Black Market Rate Today (July 23, 2026)
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | ₦1,410 | ₦1,420 |
Meanwhile, at the official foreign exchange market, the Central Bank of Nigeria (CBN) rates are significantly lower.
Dollar to Naira CBN Official Rate Today
| Currency | Rate |
|---|---|
| Highest Rate | ₦1,370 |
| Lowest Rate | ₦1,365 |
The CBN has consistently maintained that it does not recognise the parallel market for foreign exchange transactions and has advised individuals and businesses seeking forex to use authorised banks and licensed financial institutions.
It should be noted that exchange rates in the black market may vary depending on location, demand, and transaction volume. As a result, the actual buying or selling price may differ slightly from the rates quoted above.
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