The Dollar-to-Naira exchange rate in Nigeria’s parallel market, commonly known as the black market or Aboki FX market, remained relatively stable as traders continued foreign exchange transactions across major markets.
According to Bureau De Change (BDC) sources in Lagos, the US dollar was bought at ₦1,385 and sold at ₦1,395 on Tuesday, June 23, 2026.
Black Market Exchange Rate (USD/NGN)
| Transaction | Rate |
|---|---|
| Buying Rate | ₦1,385 |
| Selling Rate | ₦1,395 |
Meanwhile, the Central Bank of Nigeria (CBN) continues to maintain that it does not recognize the parallel market and advises individuals seeking foreign exchange transactions to use authorized financial institutions and banks.
CBN Exchange Rate (USD/NGN)
| Category | Rate |
|---|---|
| Highest Rate | ₦1,375 |
| Lowest Rate | ₦1,365 |
It is important to note that foreign exchange rates may vary depending on location, transaction volume, and market conditions. As a result, the actual rates offered by currency traders or financial institutions may differ slightly from the figures quoted above.
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