Current Dollar to Naira Exchange Rate as of January 5 2026

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Many Nigerians continue to monitor the movement of the US Dollar against the Naira, especially within the unofficial foreign exchange market, commonly referred to as the black market or Aboki FX.

Below is an overview of the Dollar to Naira exchange rate recorded at the parallel market for Saturday, January 4. These are the rates at which Bureau De Change (BDC) operators are currently trading the dollar for the naira.

Current Dollar to Naira Black Market Rate

So, how much is one dollar exchanging for in the black market today?

According to information gathered from currency traders in Lagos, participants in the parallel market are selling one US dollar for ₦1,480, while buying at ₦1,476 as of Sunday, January 4, 2025.

It is important to emphasize that the Central Bank of Nigeria (CBN) does not approve or regulate transactions carried out in the parallel market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to conduct such transactions strictly through authorized banks and official channels.

Dollar to Naira Black Market Rates

USD to NGN — Parallel Market

Selling Rate: ₦1,480
Buying Rate: ₦1,476

Dollar to Naira Official CBN Rates

USD to NGN — Central Bank of Nigeria

Highest Rate: ₦1,438
Lowest Rate: ₦1,427

Please note that foreign exchange rates may differ slightly from what is published here, as buying and selling prices can vary depending on location, volume, and market demand at the time of transaction.