The exchange rate between the United States dollar and the Nigerian naira at the Lagos parallel market, popularly known as the black market or Aboki Forex, remained relatively stable on Monday, June 29, 2026.

According to sources at the Bureau De Change (BDC) market, the US dollar is being bought at ₦1,387 and sold at ₦1,400 in the parallel market.

Dollar to Naira Black Market Rate

Currency Buying Rate Selling Rate
US Dollar (USD) ₦1,387 ₦1,400

CBN Official Dollar to Naira Exchange Rate

According to the official foreign exchange market, the Central Bank of Nigeria (CBN) recorded the following rates for the US dollar against the naira:

Currency CBN Rate
Highest Rate ₦1,390
Lowest Rate ₦1,377

The Central Bank of Nigeria has consistently maintained that it does not recognize transactions carried out in the parallel market. The apex bank has advised individuals and businesses seeking foreign exchange to obtain it through authorized financial institutions, including commercial banks and licensed dealers operating within the official foreign exchange market.

It is important to note that exchange rates in the parallel market are determined by demand and supply and may vary across locations, Bureau De Change operators, and individual traders. Consequently, the actual rate at which you buy or sell foreign currency may differ from the figures quoted above.

Prospective buyers and sellers are therefore advised to confirm the prevailing exchange rate with their preferred Bureau De Change operator or authorized dealer before completing any foreign exchange transaction.

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