Latest Dollar to Naira Exchange Rate Today January 20 2026

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The Dollar to Naira exchange rate in the black market, commonly referred to as the parallel market or Aboki FX, reflects the unofficial pricing of foreign exchange outside the banking system.

Below is an overview of the black market Dollar to Naira exchange rate as recorded on Sunday, January 19. These are the rates at which traders exchange US dollars for Nigerian naira.

Dollar to Naira Black Market Rate Today

At the Lagos parallel market, Bureau De Change (BDC) operators disclosed that the US dollar was sold for ₦1,500 and purchased at ₦1,480 on Monday, January 19, 2025.

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

Black Market Exchange Rates (USD to NGN)

Selling Rate: ₦1,500
Buying Rate: ₦1,480

Official CBN Dollar to Naira Rate Today

According to data from the Central Bank of Nigeria, the official exchange rate for the US dollar stands within the following range:

Highest Rate: ₦1,421
Lowest Rate: ₦1,419

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