UPDATE : Dollar to Naira Exchange Rate – May 6, 2026
The exchange rate between the US dollar and the Nigerian naira in the parallel market, commonly known as the black market (Aboki FX), has been outlined for May 5, 2026.According to Bureau De Change (BDC) sources in Lagos, the dollar was sold at ₦1,400 and bought at ₦1,385 in the black market on Tuesday.Black Market (Parallel Market) RatesSelling Rate: ₦1,400Buying Rate: ₦1,385Meanwhile, the official rates from the Central Bank of Nigeria (CBN) showed a slightly lower range:CBN Official RatesHighest Rate: ₦1,370Lowest Rate: ₦1,362It is important to note that the CBN does not recognise the parallel market and advises individuals seeking foreign exchange transactions to go through authorised banks.Rates may also vary depending on location and market...










