Dollar to Naira Today: Black Market and Official Rates as of January 29 2026

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The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) in the black market, also referred to as the parallel market or Aboki FX, reflects the ongoing demand and supply dynamics within Nigeria’s foreign exchange environment.

Below is the latest update on the Dollar to Naira exchange rate for Wednesday, January 28, 2026. These figures represent the rates at which traders are currently exchanging dollars for naira across major parallel market hubs.

What Is the Current Dollar to Naira Black Market Rate?

According to information obtained from Bureau De Change (BDC) operators in Lagos, the parallel market exchange rate indicates that traders are selling one US dollar for ₦1,485 and buying at ₦1,475.

This means individuals looking to exchange dollars for naira in the black market can expect to transact within this price range, depending on location, volume, and market demand.

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market. The apex bank has repeatedly advised Nigerians who wish to carry out foreign exchange transactions to do so through licensed banks and authorized financial institutions.

Dollar to Naira Black Market Rate Today

Currency Pair	Exchange Type	Rate
USD to NGN	Selling Rate	₦1,485
USD to NGN	Buying Rate	₦1,475

Dollar to Naira Official CBN Rate Today

Currency Pair	Exchange Type	Rate
USD to NGN	Highest Rate	₦1,415
USD to NGN	Lowest Rate	₦1,392

Please be aware that foreign exchange rates can vary slightly depending on the location, transaction volume, and the individual dealer. As a result, the price you receive when buying or selling dollars may differ from the figures stated above.