The Dollar to Naira exchange rate at the black market, popularly known as the parallel market (Aboki FX), has been revealed for May 11, 2026.
According to information obtained from Bureau De Change (BDC) operators in Lagos, the dollar exchanged at ₦1,400 for selling and ₦1,387 for buying on Monday, May 11, 2026.
Current Black Market Dollar To Naira Rate:
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Selling Rate | ₦1,400 |
| Buying Rate | ₦1,387 |
Meanwhile, the Central Bank of Nigeria (CBN) maintains that it does not recognize the parallel market and has advised individuals seeking foreign exchange transactions to use authorized commercial banks.
CBN Dollar To Naira Exchange Rate:
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1,375 |
| Lowest Rate | ₦1,367 |
It is important to note that forex rates may differ depending on location and dealer, as exchange prices fluctuate regularly.