The Dollar to Naira exchange rate at the Lagos Parallel Market, popularly known as the black market, recorded a slight appreciation of the naira on Tuesday, July 21, 2026, according to Bureau De Change (BDC) operators.
Market sources said the US Dollar is being bought at ₦1,411 and sold at ₦1,421 in the parallel market.
It is important to note that the Central Bank of Nigeria (CBN) does not recognise the black market for foreign exchange transactions. The apex bank has consistently advised individuals and businesses seeking foreign exchange to obtain it through authorised commercial banks and other approved financial institutions.
Dollar to Naira Black Market Rate
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar (USD) | ₦1,411 | ₦1,421 |
Dollar to Naira CBN Exchange Rate
According to available official market data, the CBN exchange rate for the US dollar is as follows:
| Currency | Highest Rate | Lowest Rate |
|---|---|---|
| US Dollar (USD) | ₦1,379 | ₦1,374 |
Foreign exchange rates may vary depending on location, demand, transaction volume and the Bureau De Change operator involved. As a result, the rate at which you buy or sell dollars may differ slightly from the figures quoted in this report.
