Nigeria’s Dollar to Naira Exchange Rates for January 1 2026

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Many Nigerians continue to monitor the Dollar to Naira exchange rate, particularly at the black market—commonly referred to as the parallel market or Aboki FX.

Below is an overview of the Dollar to Naira exchange rate as observed on Wednesday, December 31, 2025, based on information obtained from Bureau De Change (BDC) operators in Lagos. These are the rates at which individuals typically exchange U.S. dollars for naira in the parallel market.

Dollar to Naira Black Market Exchange Rate

At the Lagos parallel market, traders reported that the U.S. dollar was sold at ₦1,478 and bought at ₦1,475.

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize transactions carried out in the black market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to conduct transactions through authorized commercial banks.

Dollar to Naira Exchange Rate (Black Market – USD/NGN)

Selling Rate: ₦1,478
Buying Rate: ₦1,475

Dollar to Naira Official CBN Rate

According to data from the official foreign exchange window, the CBN exchange rates for the U.S. dollar were recorded as follows:

Dollar to Naira Exchange Rate (CBN – USD/NGN)

Highest Rate: ₦1,439
Lowest Rate: ₦1,427

Exchange rates may vary slightly depending on location, demand, and the financial institution involved. As such, the actual rate at which forex is bought or sold may differ from the figures reported here.