The exchange rate between the United States dollar and the Nigerian naira in the parallel market, commonly known as the black market or Aboki FX, remained a key focus for traders and forex users.
According to Bureau De Change (BDC) operators in Lagos, the dollar was bought at ₦1,392 and sold at ₦1,400 in the parallel market on Sunday, June 14, 2026.
Black Market Exchange Rate (USD/NGN)
| Transaction | Rate |
|---|---|
| Buying Rate | ₦1,392 |
| Selling Rate | ₦1,400 |
Meanwhile, the official exchange rate provided by the Central Bank of Nigeria (CBN) recorded a highest rate of ₦1,365 per dollar and a lowest rate of ₦1,362 per dollar.
CBN Exchange Rate (USD/NGN)
| Category | Rate |
|---|---|
| Highest Rate | ₦1,365 |
| Lowest Rate | ₦1,362 |
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 banking channels.
It is important to note that forex rates may vary depending on location, demand, supply, and the dealer involved. As a result, actual buying and selling rates may differ slightly from the figures quoted above.
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