The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) remains a key focus for traders, businesses, and individuals involved in foreign exchange transactions.
Black Market (Parallel Market) Exchange Rate
According to sources within the Lagos Bureau De Change (BDC) market, the dollar traded at ₦1,384 per dollar for sellers and ₦1,376 per dollar for buyers on Saturday, May 30, 2026.
Dollar to Naira Black Market Rates
| Currency Pair | Buying Rate | Selling Rate |
|---|---|---|
| USD/NGN | ₦1,376 | ₦1,384 |
Individuals seeking to exchange dollars for naira in the parallel market may find rates varying slightly depending on location and dealer.
CBN Official Exchange Rate
Data from the official market shows the Central Bank of Nigeria (CBN) exchange rate ranged between ₦1,372 and ₦1,375 per dollar.
Dollar to Naira CBN Rates
| Currency Pair | Rate |
|---|---|
| Highest Rate | ₦1,375 |
| Lowest Rate | ₦1,372 |
The CBN continues to maintain that it does not recognize transactions conducted in the parallel market and advises individuals and businesses seeking foreign exchange to use authorized financial institutions and commercial banks.
It is important to note that exchange rates are subject to fluctuations and may differ from the figures quoted above depending on market conditions and transaction volumes.