Dollar Trades Against Naira Today: Black Market & CBN Rates (Feb 5 2026)

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The exchange rate between the United States Dollar and the Nigerian Naira continues to attract attention, especially within the unofficial foreign exchange market commonly referred to as the black market or Aboki FX.

Current Black Market Dollar to Naira Rate

As of Wednesday, February 4, 2025, findings from operators at the Lagos parallel market and Bureau De Change (BDC) sources indicate that the dollar is being sold at ₦1,460 and purchased at ₦1,440.

This means individuals exchanging dollars for naira within the black market can expect rates within this range, although figures may slightly differ depending on location and dealer.

What You Should Know About the Parallel Market

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market for foreign exchange transactions. The apex bank has repeatedly advised Nigerians seeking forex to conduct such transactions through licensed commercial banks.

Black Market Exchange Rate Snapshot

Dollar to Naira (USD/NGN) – Black Market

Buying Rate: ₦1,440
Selling Rate: ₦1,460

Official CBN Dollar to Naira Rate

In contrast, the official exchange rates published by the Central Bank of Nigeria for the same period show lower figures.

Dollar to Naira (USD/NGN) – CBN Official Rates

Highest Rate: ₦1,365
Lowest Rate: ₦1,348

Exchange Rate Disclaimer

Foreign exchange prices are subject to frequent changes. As a result, the actual rate at which individuals buy or sell dollars may vary from the figures stated here, depending on market conditions and dealer margins.