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

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The Nigerian Naira continues to experience significant attention as both individuals and businesses track its performance against the U.S. Dollar across official and unofficial markets. Recent movements highlight ongoing trends in Nigeria’s forex landscape.

Black Market Exchange Rates

In Lagos, operators in the parallel market (commonly referred to as Aboki FX) reported the following rates as of Thursday, January 1, 2026:

Transaction	Rate (₦)
Selling	1,480
Buying	1,478

This indicates that traders are offering to sell one U.S. Dollar for ₦1,480, while buyers can obtain it at ₦1,478, based on data from Bureau De Change (BDC) operators.

CBN Advisory on Forex Transactions

The Central Bank of Nigeria (CBN) has reiterated that it does not recognize parallel market exchanges. The apex bank encourages all foreign currency transactions to be conducted through licensed commercial banks and authorized financial institutions to ensure safety and compliance with regulatory standards.

Official CBN Exchange Rates

According to the latest official rates from the Central Bank of Nigeria:

Transaction	Rate (₦)
Highest	1,439
Lowest	1,427

Note on Exchange Rates

It is important to understand that actual rates for buying or selling dollars may vary depending on location, transaction volume, and current market demand. Slight deviations from the published figures are therefore expected.