Dollar to Naira Today Latest Black Market and CBN Exchange Rates (January 2 2026)

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The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to attract attention as individuals and businesses monitor movements in both the official and unofficial foreign exchange markets.

Below is the latest update on the Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki FX).

Dollar to Naira Black Market Rate Today

As of Thursday, January 1, 2026, operators at the Lagos parallel market disclosed that the U.S. dollar is being traded within the following range:

Dollar to Naira (USD/NGN)	Black Market Rate
Selling Rate	₦1,480
Buying Rate	₦1,478

This means traders are selling one dollar for ₦1,480, while buyers can purchase it at ₦1,478, according to information obtained from Bureau De Change (BDC) sources.

Important Notice on Forex Trading

The Central Bank of Nigeria (CBN) has consistently maintained that it does not recognize or support transactions conducted in the parallel market. The apex bank advises Nigerians seeking foreign exchange to carry out such transactions through licensed commercial banks and approved financial institutions.

Dollar to Naira Official CBN Rate Today

Here is the current exchange rate from the Central Bank of Nigeria (CBN):

Dollar to Naira (USD/NGN)	CBN Rate
Highest Rate	₦1,439
Lowest Rate	₦1,427

Exchange Rate Disclaimer

Please note that foreign exchange rates may vary depending on location, volume of transaction, and market demand. As a result, the actual rate at which you buy or sell dollars may differ slightly from the figures published above.