Dollar vs Naira: Latest Black Market and CBN Exchange Rates for February 3 2026

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The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to attract attention, particularly within the black market—commonly referred to as the parallel or Aboki FX market.

Dollar to Naira Black Market (Aboki FX) Rate

Below is the prevailing Dollar to Naira exchange rate in the parallel market as of Monday, February 2, 2026. These are the rates at which traders currently exchange U.S. dollars for naira.

How much is one dollar to naira today in the black market?

According to information obtained from Bureau De Change (BDC) operators in Lagos, the dollar is being sold at ₦1,460 and bought at ₦1,440 in the parallel market.

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize transactions carried out in the black market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to do so through licensed commercial banks.

Dollar to Naira Black Market Rates Today

Currency Pair	Transaction Type	Rate
USD to NGN	Selling Rate	₦1,460
USD to NGN	Buying Rate	₦1,440

Dollar to Naira Official CBN Rate

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

Currency Pair	Rate Type	Value
USD to NGN	Highest Rate	₦1,396
USD to NGN	Lowest Rate	₦1,381

Please be aware that foreign exchange rates may vary depending on location, demand, and the dealer involved. As a result, the rates at which you buy or sell forex may differ slightly from those stated in this report.