The Dollar to Naira exchange rate at the parallel market, popularly known as the black market, continues to draw attention amid forex uncertainty. As of Friday, January 23, 2026, operators at the Lagos Bureau De Change confirmed that the US dollar is sold at ₦1,490 and bought at ₦1,482.
Market sources say the rate reflects sustained pressure on the naira, driven by high dollar demand and limited supply in the informal forex window. Traders also noted slight variations across locations, depending on volume and availability.
Meanwhile, the Central Bank of Nigeria has maintained its stance against black market transactions. The apex bank has repeatedly advised Nigerians seeking foreign exchange to use official banking channels, stressing that the parallel market is not recognised.
Despite this directive, many individuals and businesses continue to monitor black market rates as a reference point for real-time dollar value in the economy.
Dollar to Naira Black Market Today Rate
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | ₦1490 |
| Buying Rate | ₦1482 |
Dollar to Naira CBN Today Rate
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1423 |
| Lowest Rate | ₦1420 |
Please note that the buy or sell forex rates may be different from what is captured in this article because of price differences.
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