Updated Dollar–Naira Exchange Update for Thursday February 6 2026

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The value of the Nigerian naira against the United States dollar continues to attract strong attention, especially within the unofficial foreign exchange space commonly referred to as the black or parallel market, also known as Aboki FX.

Dollar to Naira Rate at the Parallel Market

Findings from operators within Lagos’ Bureau De Change (BDC) segment indicate that on Wednesday, February 5, 2026, the U.S. dollar exchanged at different levels depending on whether traders were buying or selling.

At the parallel market:

The selling price of the dollar stood at ₦1,460
The buying price was recorded at ₦1,440

These figures reflect the rates at which individuals can currently exchange dollars for naira within the black market environment.

Important Notice on Black Market Transactions

It is important to note that the Central Bank of Nigeria (CBN) does not officially approve or regulate transactions carried out in the parallel market. The apex bank consistently advises Nigerians seeking foreign exchange to carry out their transactions through authorized commercial banks and licensed financial institutions.

Official CBN Dollar to Naira Rates

Meanwhile, data from the Central Bank of Nigeria shows a significantly lower exchange range for the dollar within the official window.

According to CBN figures:

Highest official rate: ₦1,370 per dollar
Lowest official rate: ₦1,361 per dollar

Exchange Rate Disclaimer

Foreign exchange prices are subject to daily fluctuations. As a result, the actual rates you encounter when buying or selling dollars may differ slightly from those listed here, depending on location, demand, and the dealer involved.