The Dollar-to-Naira exchange rate in Nigeria’s parallel market, commonly known as the black market or Aboki FX market, remained relatively stable as traders continued foreign exchange transactions across major markets.
According to Bureau De Change (BDC) sources in Lagos, the US dollar was bought at ₦1,385 and sold at ₦1,395 on Tuesday, June 23, 2026.
Black Market Exchange Rate (USD/NGN)
| Transaction | Rate |
|---|---|
| Buying Rate | ₦1,385 |
| Selling Rate | ₦1,395 |
Meanwhile, the Central Bank of Nigeria (CBN) continues to maintain that it does not recognize the parallel market and advises individuals seeking foreign exchange transactions to use authorized financial institutions and banks.
CBN Exchange Rate (USD/NGN)
| Category | Rate |
|---|---|
| Highest Rate | ₦1,375 |
| Lowest Rate | ₦1,365 |
It is important to note that foreign exchange rates may vary depending on location, transaction volume, and market conditions. As a result, the actual rates offered by currency traders or financial institutions may differ slightly from the figures quoted above.
For eye witness news report, Contact us SNOW TV NEWS via snowmediatv@gmail.com or WhatsApp on +2348143077239
FOR MORE INFO, TRENDING AND BREAKING NEWS UPDATE, FOLLOW OUR SOCIAL MEDIA CHANNEL @OFFICIALSNOWTV
About the Publisher
Sir Bartholomew White Ebe is a Nigerian media personality, music artist, producer, blogger, publisher and relationship coach. He is the publisher of Snow Multimedia Connect (SNOW TV}, a digital media platform focused on news, entertainment, lifestyle, interviews, event coverage and multimedia production.
Through SNOW TV, he provides a platform for individuals, businesses, entertainers and organizations to connect with wider audiences through engaging digital content.
Email: snowbwhyte@gmail.com