The exchange rate between the United States Dollar and the Nigerian Naira at the parallel market, popularly known as the black market or Aboki FX, has continued to attract attention among forex traders and Nigerians monitoring currency fluctuations.
According to sources at the Lagos Bureau De Change (BDC) market on Friday, May 8, 2026, the Dollar was sold at ₦1,395 and bought at ₦1,385 in the black market.
Black Market Dollar To Naira Rate Today
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1,385 |
| Selling Rate | ₦1,395 |
Meanwhile, the Central Bank of Nigeria (CBN) official exchange rates showed the Dollar trading within the range of ₦1,355 to ₦1,366.
CBN Dollar To Naira Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1,366 |
| Lowest Rate | ₦1,355 |
The CBN has repeatedly stated that it does not recognise the parallel market and has advised individuals seeking foreign exchange transactions to use authorised financial institutions and commercial banks.
It should also be noted that forex rates may differ depending on location, volume of transaction and market conditions.