What is the current Dollar to Naira rate at the black market, also known as the parallel market (Aboki FX)?
Here’s a breakdown of the exchange rates recorded on May 3, 2026. Individuals looking to exchange dollars for naira may find the following rates applicable at the Lagos parallel market.
At the black market, Bureau De Change (BDC) operators were buying one dollar at ₦1,385 and selling at ₦1,400 on Sunday.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognise the parallel market and has advised individuals seeking foreign exchange to transact through authorized banks.
Black Market Rates (USD to NGN):
- Buying Rate: ₦1,385
- Selling Rate: ₦1,400
CBN Official Rates (USD to NGN):
- Highest Rate: ₦1,378
- Lowest Rate: ₦1,370
Please be aware that exchange rates may vary depending on location and market conditions.