Naira vs. Dollar: Latest Black Market Exchange Rate – January 8 2026

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The current Dollar-to-Naira rate in the black market—popularly referred to as the parallel market or Aboki FX—has been updated. Below is the exchange rate information for January 7th, showing how much traders are buying and selling the U.S. dollar for today.

What is the Black Market Dollar to Naira Rate Today?

According to information gathered from Bureau De Change (BDC) operators in Lagos, the U.S. dollar is being sold at ₦1485 and bought at ₦1477 on Wednesday, January 7, 2025. These figures represent the prevailing rates in the parallel market, where individuals often exchange currency outside the official banking system.

It is important to emphasize that the Central Bank of Nigeria (CBN) does not endorse or recognize black market operations. The CBN advises anyone needing foreign exchange to conduct transactions strictly through authorized financial institutions and commercial banks.

Dollar to Naira Black Market Rate (Parallel Market) — Today

Dollar to Naira (USD to NGN)	Black Market Rate Today
Selling Rate	₦1485
Buying Rate	₦1477

Dollar to Naira CBN Exchange Rate — Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Highest Rate	₦1423
Lowest Rate	₦1415

Please note that actual transaction rates may differ slightly depending on location, demand, and the dealer you transact with, as forex prices fluctuate frequently.