USD to NGN Exchange Rate Report for Today January 6 2026

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For those tracking the US dollar against the naira, black market rates—commonly referred to as the parallel market or Aboki FX—continue to show significant divergence from official figures.

Traders operating across Lagos Bureau De Change (BDC) outlets report that the US dollar is currently sold at ₦1,485 and purchased at ₦1,479 in the black market. These values reflect the average offered by informal currency dealers and serve as a snapshot of prevailing market conditions.

It is crucial to understand that the Central Bank of Nigeria (CBN) does not recognise transactions conducted outside official channels. The apex bank has repeatedly urged individuals and businesses to use licensed banks and authorised dealers for foreign exchange dealings.

Black Market USD/NGN Rates

Currency Pair	Transaction Type	Rate
USD to NGN	Selling Rate	₦1,485
USD to NGN	Buying Rate	₦1,479

Official CBN Exchange Rate

Currency Pair	Rate Type	Rate
USD to NGN	Highest Rate	₦1,433
USD to NGN	Lowest Rate	₦1,424

Foreign exchange rates can fluctuate due to location, market demand, and other economic factors. Consequently, the rate you receive when conducting a transaction may differ slightly from these averages.

Investors and currency traders are advised to monitor both official and parallel market rates, especially if timing and optimal value are important for their foreign exchange activities.