Current Dollar to Naira Exchange Rate in Nigeria (Black Market & Official)

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The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market or Aboki FX, reflects the informal buying and selling of foreign currencies outside official banking channels.

Below is the updated black market exchange rate for Wednesday, January 22, 2026, showing how much you can exchange your US dollars for naira based on information gathered from Bureau De Change (BDC) operators in Lagos.

How Much Is Dollar to Naira Today in the Black Market?

According to market sources, the Lagos parallel market recorded the following exchange rates:

Selling Rate: ₦1,490 per dollar
Buying Rate: ₦1,480 per dollar

This means that traders are selling one US dollar for ₦1,490 and buying at ₦1,480.

Important Notice

The Central Bank of Nigeria (CBN) does not officially recognize the black market for foreign exchange transactions. The apex bank has consistently advised individuals and businesses seeking foreign currency to conduct transactions through authorized commercial banks and licensed financial institutions.

Dollar to Naira Black Market Rate Today

Currency Pair	Transaction	Rate
USD to NGN	Selling	₦1,490
USD to NGN	Buying	₦1,480

Dollar to Naira Official CBN Rate Today

The Central Bank of Nigeria’s official exchange rates for the US dollar are as follows:

Currency Pair	Rate Type	Value
USD to NGN	Highest Rate	₦1,423
USD to NGN	Lowest Rate	₦1,421

Please note that foreign exchange rates may vary slightly across locations and dealers, meaning the actual price at which you buy or sell dollars could differ from the figures published in this report.