The Dollar to Naira exchange rate at the Lagos parallel market (black market) remained unchanged on Wednesday, August 5, 2026, according to Bureau De Change (BDC) operators.
Traders in the unofficial foreign exchange market are buying one US dollar at ₦1,410 and selling at ₦1,425.
Dollar to Naira Black Market Rate
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | ₦1,410 | ₦1,425 |
Central Bank of Nigeria (CBN) Official Rate
According to the official market:
| Currency | Rate |
|---|---|
| Highest Rate | ₦1,364 |
| Lowest Rate | ₦1,361 |
The Central Bank of Nigeria (CBN) does not recognise the parallel (black) market for foreign exchange transactions. The apex bank has consistently advised individuals and businesses seeking foreign exchange to obtain it through authorised banks and licensed financial institutions.
It is also important to note that black market exchange rates are determined by demand and supply and may vary across locations and Bureau De Change operators. As a result, the rate at which you buy or sell foreign currency may differ slightly from the figures quoted above.
