Dollar to Naira Exchange Rate Update
What is the current dollar-to-naira rate at the black market, also known as the parallel market (Aboki FX)? Below is the exchange rate for January 24, as obtained from market sources. These are the rates at which dollars can be exchanged for naira.
Dollar to Naira Black Market Rate Today
At the Lagos parallel market, Bureau De Change (BDC) operators are selling the dollar at ₦1,490 and buying at ₦1,482 on Saturday, January 24, according to sources.
Story continues below advertisement
It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel (black) market and advises individuals seeking foreign exchange to conduct transactions through their respective banks.
Dollar to Naira Black Market Rates
- Selling Rate: ₦1,490
- Buying Rate: ₦1,482
Dollar to Naira CBN Rates Today
- Highest Rate: ₦1,423
- Lowest Rate: ₦1,420
Please be aware that actual forex buying and selling rates may vary, as prices differ across locations and dealers.