The naira continues to face pressure against the United States dollar at the parallel market, with fresh figures showing a slight variation between buying and selling rates.
Data obtained from Bureau De Change (BDC) operators in Lagos indicates that on Tuesday, March 24, 2026, the dollar exchanged at ₦1,410 for selling and ₦1,398 for buying at the black market, commonly referred to as the Aboki rate.
Black Market Dollar to Naira Rate (USD/NGN)
- Selling Rate: ₦1,410 per dollar
- Buying Rate: ₦1,398 per dollar
Despite the continued reliance on the parallel market by many Nigerians, the Central Bank of Nigeria (CBN) has consistently maintained that it does not recognize or support black market transactions. The apex bank advises individuals and businesses seeking foreign exchange to conduct their transactions through official banking channels.
Official CBN Dollar to Naira Rate
According to available data, the official exchange window recorded the following range:
- Highest Rate: ₦1,389 per dollar
- Lowest Rate: ₦1,372 per dollar
The gap between the official and parallel market rates highlights ongoing demand-supply imbalances in Nigeria’s foreign exchange market.
It is important to note that exchange rates may vary slightly depending on location, volume of transaction, and the dealer, meaning the actual rate at which individuals buy or sell foreign currency could differ from the figures listed above.
As volatility persists, analysts say the naira’s performance will continue to depend on foreign inflows, monetary policy direction, and broader economic stability in the coming weeks.
