The naira recorded slight fluctuations against the United States dollar at the parallel market, popularly known as the black market, on Saturday, April 11, 2026.
According to sources from Bureau De Change (BDC) operators in Lagos, the dollar was sold at ₦1409 and bought at ₦1393 in the informal market.
Black Market Dollar to Naira Rate (April 12, 2026)
- Selling Rate: ₦1409
- Buying Rate: ₦1393
The black market, also referred to as “Aboki FX,” remains a major source of foreign exchange for many Nigerians despite its unofficial status.
However, the Central Bank of Nigeria (CBN) has consistently maintained that it does not recognise the parallel market. The apex bank has advised individuals and businesses seeking foreign exchange to conduct transactions through authorised financial institutions.
Official CBN Dollar to Naira Rate
- Highest Rate: ₦1362
- Lowest Rate: ₦1354
Currency analysts note that exchange rates may vary depending on location, demand, and volume of transactions, meaning the actual rate at which individuals buy or sell dollars could differ slightly from the figures quoted.
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