The Dollar to Naira exchange rate at the black market, also known as the parallel market or Aboki FX, stood at ₦1400 per dollar for selling and ₦1385 per dollar for buying on Wednesday, 6th May 2026.
According to sources from Bureau De Change (BDC) operators in Lagos, traders exchanged the United States Dollar at varying rates across the parallel market as demand for foreign exchange continues to fluctuate.
The latest black market exchange rates showed:
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1385 |
| Selling Rate | ₦1400 |
Meanwhile, the Central Bank of Nigeria (CBN) official exchange window recorded lower rates compared to the parallel market.
The CBN rates for the Dollar to Naira exchange on the same day were:
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1365 |
| Lowest Rate | ₦1350 |
The apex bank has continued to maintain that it does not recognize the black market and has advised Nigerians seeking foreign exchange transactions to use authorized financial institutions and commercial banks.
However, forex traders noted that exchange rates in the parallel market may differ depending on location, transaction volume, and market demand at the time of exchange.
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