The latest Dollar to Naira black market exchange rate, also known as the parallel market (Aboki FX), has been released for 6th August.

According to information gathered from Bureau De Change (BDC) operators in Lagos, the US Dollar is being sold at ₦1,425 and bought at ₦1,410 in the parallel market.

The Central Bank of Nigeria (CBN) has consistently maintained that it does not recognise the black market for foreign exchange transactions. Instead, the apex bank advises Nigerians seeking forex to obtain it through authorised commercial banks and other approved financial institutions.

Black Market Rate Today

Selling Rate: ₦1,425

Buying Rate: ₦1,410

Dollar To Naira CBN Exchange Rate Today

Highest Rate: ₦1,364

Lowest Rate: ₦1,361

It is important to note that exchange rates may differ from one Bureau De Change operator to another, depending on demand, location and the volume of transactions. As a result, the actual rate at which you buy or sell the US Dollar may vary slightly from the figures published above.