The exchange rate between the US dollar and the Nigerian naira at the parallel market, commonly known as the black market (Aboki FX), remains a key concern for many Nigerians.
As of April 24, 2026, traders at the Lagos parallel market sell one dollar for ₦1,400 and buy at ₦1,392, based on information from Bureau De Change (BDC) operators.
It is important to note that the Central Bank of Nigeria (CBN) does not recognise the black market and advises individuals seeking foreign exchange to transact through official banking channels.
At the official window, the CBN exchange rate for the dollar ranges between ₦1,354 and ₦1,361.
However, actual buying and selling rates may vary depending on location and market conditions.
“Sir Bartholomew White Ebe is a Lagos-based media personality, Music Artist, Producer, and a Relationship Coach and independent journalist. With over seven years of experience tracking political developments and cultural shifts in Nigeria, he specializes in local current affairs, grassroots politics, and community-driven reporting across Lagos State. As the founder and chief editor of Snow Multimedia Connect {SNOW TV}, he leads the editorial team to deliver verified, high-impact stories to digital audiences.”
Email: snowmediaconnect@gmail.com
