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

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The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to attract significant attention, particularly within the black market—commonly referred to as the parallel market or Aboki FX.

Dollar to Naira Black Market (Aboki FX) Rate

Below is the prevailing dollar-to-naira exchange rate in the black market for Friday, January 31. These are the rates at which traders exchange dollars for naira in the informal market.

How Much Is One Dollar to Naira Today at the Black Market?

According to information obtained from Bureau De Change (BDC) operators in Lagos, participants in the parallel market are selling the US dollar at ₦1,460 and buying at ₦1,445.

Dollar to Naira Black Market Rates

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

It is important to note that the Central Bank of Nigeria (CBN) does not recognize or support the black market. The apex bank has repeatedly advised individuals and businesses seeking foreign exchange transactions to carry them out through licensed commercial banks.

Dollar to Naira Official CBN Exchange Rate

The official exchange rates released by the Central Bank of Nigeria show a lower trading band for the naira against the dollar.

Dollar to Naira CBN Rates

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

Please be aware that foreign exchange rates may vary depending on location, demand, and volume of transactions. As a result, the rates at which you buy or sell dollars may differ slightly from those listed in this report.