Naira–Dollar Update: Parallel Market and Official Rates as of February 8 2026

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For those tracking the value of the naira against the U.S. dollar, here is a clear snapshot of the latest figures from the parallel market, often called the black market or Aboki FX.

Reports gathered from Bureau De Change (BDC) operators in Lagos indicate that on Saturday, February 7, 2026, the dollar was sold at ₦1450 and bought at ₦1435 within the parallel market. These are the commonly quoted street rates where individuals typically exchange foreign currency outside the official banking system.

Many people often ask how much one dollar is worth in naira in the black market. Based on the same market information, the prevailing range shows traders purchasing dollars at ₦1435 and reselling at ₦1450.

It is important to understand that the Central Bank of Nigeria (CBN) does not recognize or support transactions carried out in the parallel market. The apex bank continues to advise anyone seeking foreign exchange to conduct such transactions through authorized financial institutions.

Parallel Market (Black Market) Dollar to Naira Rates

Selling Rate: ₦1450
Buying Rate: ₦1435

Official CBN Dollar to Naira Reference Range

Highest Rate: ₦1373
Lowest Rate: ₦1361

Keep in mind that foreign exchange prices are not fixed. The actual rate you receive when buying or selling may differ slightly from the figures listed here, as values change depending on location, demand, and the dealer involved.

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