The Dollar to Naira exchange rate in Nigeria’s parallel market, commonly known as the black market (Aboki FX), remained steady as trading continued.
According to Bureau De Change (BDC) operators in the Lagos parallel market, the US dollar was bought at ₦1,413 and sold at ₦1,425 on Sunday, July 19, 2026.
Black Market (Parallel Market) Exchange Rate
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | ₦1,413 | ₦1,425 |
Meanwhile, the Central Bank of Nigeria (CBN) does not recognise the parallel market and continues to advise individuals and businesses seeking foreign exchange to obtain it through authorised commercial banks and other approved financial institutions.
CBN Official Exchange Rate
| Currency | Lowest Rate | Highest Rate |
|---|---|---|
| US Dollar (USD) | ₦1,378 | ₦1,382 |
It is important to note that foreign exchange rates may differ across locations and dealers, meaning the actual buying or selling price could vary from the figures quoted above.