Updated Dollar To Naira Black Market And CBN Exchange Rates

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The value of the United States dollar against the Nigerian naira continues to attract attention, especially within the parallel market, widely known as Aboki FX. Many Nigerians rely on this market to exchange foreign currency, making daily rate updates important for traders, travellers, and businesses.

Reports gathered from Bureau De Change (BDC) operators reveal that activities in the Lagos parallel market recorded the dollar selling at ₦1460, while buyers obtained the currency at ₦1440. These figures were recorded on Tuesday, February 3, 2026, reflecting the current trading position within the unofficial forex market.

For individuals looking to exchange dollars for naira through the black market, these rates serve as a guide. However, it is worth understanding that rates in the parallel market often fluctuate based on demand, supply, and location, meaning actual transaction figures may slightly differ from published estimates.

Meanwhile, the Central Bank of Nigeria (CBN) maintains its position against transactions conducted in the parallel market. The apex bank has consistently advised Nigerians to carry out all foreign exchange dealings through authorized financial institutions such as commercial banks, which operate under official regulatory guidelines.

Black Market Dollar to Naira Exchange Rate (USD/NGN)

Selling Rate: ₦1460
Buying Rate: ₦1440

Official CBN Dollar to Naira Exchange Rate (USD/NGN)

Highest Rate: ₦1387
Lowest Rate: ₦1360

Foreign exchange values are influenced by several market forces. As a result, the rate at which individuals or businesses buy and sell currencies may vary from the figures stated above.

TAGS: economic news