Nigeria’s foreign exchange market opened the week with renewed focus on the Dollar to Naira exchange rate at the parallel market, popularly called Aboki FX. Findings from Lagos-based Bureau De Change operators show that the US dollar is selling at ₦1,490 and buying at ₦1,482 in the black market as of Monday, January 26.
This rate reflects ongoing pressure on the naira amid strong demand for foreign currency by importers, travelers, and businesses. Market watchers say fluctuations remain frequent, making daily checks important for anyone planning dollar transactions.
Meanwhile, the Central Bank of Nigeria has restated that it does not recognize black market transactions. The apex bank advises Nigerians seeking foreign exchange to use official banking channels, noting that the parallel market operates outside regulated frameworks.
As the forex landscape continues to evolve, exchange rates may change at any time depending on market forces.
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 | ₦1422 |
| Lowest Rate | ₦1415 |
Please note that the buy or sell forex may be different from what is captured in this article because prices vary.
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