What is the current Dollar to Naira exchange rate in the black market, popularly known as the parallel market or Aboki FX?
Below is the latest black market exchange rate for the Dollar against the Naira as of May 29, 2026.
Dollar To Naira Black Market Exchange Rate
According to sources within the Lagos Bureau De Change (BDC) market, the US Dollar was traded at ₦1,385 for selling and ₦1,375 for buying on Friday, May 29, 2026.
| Dollar to Naira (USD/NGN) | Black Market Rate |
|---|---|
| Selling Rate | ₦1,385 |
| Buying Rate | ₦1,375 |
Dollar To Naira CBN Exchange Rate
The official exchange rate published through the Central Bank of Nigeria (CBN) market showed the following range:
| Dollar to Naira (USD/NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1,375 |
| Lowest Rate | ₦1,372 |
It is important to note that the Central Bank of Nigeria does not recognize transactions conducted in the parallel market and has consistently advised individuals and businesses seeking foreign exchange to use authorized financial institutions and commercial banks.
Also, exchange rates may differ slightly from the figures stated above, as forex prices often vary depending on location, transaction volume, and market conditions.