USD to NGN Exchange Rate Today: Black Market and CBN Rates (February 1 2026)

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The value of the United States Dollar (USD) against the Nigerian Naira (NGN) remains a topic of keen interest, especially among traders and individuals operating in the black market, often referred to as the parallel market or Aboki FX.

Dollar to Naira on the Black Market

For Friday, January 31, 2026, the informal market recorded the following rates for exchanging dollars and naira. These figures reflect the prices at which Bureau De Change (BDC) operators facilitate transactions outside the official banking system.

Market sources in Lagos report that dollars are being sold at ₦1,460 and bought at ₦1,445 on the black market.

Black Market (Aboki FX) Dollar to Naira Rates

Transaction Type	Exchange Rate
Selling Rate	₦1,460
Buying Rate	₦1,445

It is crucial to note that the Central Bank of Nigeria (CBN) does not endorse or recognize black market transactions. Individuals and businesses are advised to conduct all foreign currency dealings through licensed commercial banks to ensure compliance with financial regulations.

Official CBN Dollar to Naira Rates

Meanwhile, the Central Bank of Nigeria’s official exchange rates present a more conservative valuation for the naira against the dollar.

Official CBN Dollar to Naira Rates

Rate Type	Exchange Rate
Highest Rate	₦1,392
Lowest Rate	₦1,381

Foreign exchange rates are subject to fluctuation depending on location, demand, and transaction volumes. Consequently, the rate at which individuals or businesses buy or sell dollars may differ slightly from the published figures.