Here’s the latest update on the Dollar to Naira exchange rate in Nigeria’s parallel market, commonly referred to as the black market (Aboki FX).
According to Bureau De Change (BDC) sources in Lagos, the dollar was trading at around ₦1,400 (selling) and ₦1,385 (buying) on May 1, 2026.
Black Market Rates (USD/NGN):
- Selling Rate: ₦1,400
- Buying Rate: ₦1,385
For the official window, data from the Central Bank of Nigeria shows the dollar traded within the range of:
- Highest Rate: ₦1,378
- Lowest Rate: ₦1,370
It’s important to note that the Central Bank does not recognise the black market and advises individuals seeking foreign exchange to use official banking channels.
Also, exchange rates may vary slightly depending on location and dealer, so actual buying or selling prices could differ from these figures.