The Naira continues to experience fluctuations against the United States Dollar at the parallel market, popularly known as the black market (Aboki FX).
As of Friday, April 3, 2026, sources from Bureau De Change (BDC) operators in Lagos revealed that the Dollar is being sold at ₦1,425 and bought at ₦1,412 in the parallel market.
Black Market Dollar to Naira Rate (April 4, 2026)
- Selling Rate: ₦1,425
- Buying Rate: ₦1,412
Meanwhile, the official rates from the Central Bank of Nigeria show a different range, with the Dollar trading between ₦1,373 (lowest) and ₦1,385 (highest).
CBN Official Dollar to Naira Rate
- Highest Rate: ₦1,385
- Lowest Rate: ₦1,373
The Central Bank of Nigeria has consistently maintained that it does not recognize the parallel market and has advised individuals seeking foreign exchange to transact through official banking channels.
Experts note that exchange rates in the black market may vary slightly depending on location and demand, meaning the actual buying or selling price could differ from the figures quoted.
The continued gap between official and parallel market rates highlights ongoing pressure on the Naira and the country’s foreign exchange market.
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