The exchange rate between the United States dollar and the Nigerian naira at the Lagos parallel market, popularly known as the black market or Aboki FX, remained relatively stable on Tuesday, 19th May 2026.
According to Bureau De Change (BDC) operators in Lagos, the dollar was bought at ₦1385 and sold at ₦1400 in the parallel market.
Dollar To Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1385 |
| Selling Rate | ₦1400 |
Meanwhile, the official exchange rate released through the Central Bank of Nigeria (CBN) window showed slightly lower figures compared to the parallel market rates.
Dollar To Naira CBN Official Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1374 |
| Lowest Rate | ₦1370 |
The gap between the official market and the black market continues to reflect the high demand for foreign exchange in Nigeria’s informal forex sector.
The Central Bank of Nigeria has repeatedly maintained that it does not recognize the black market and has advised Nigerians seeking foreign exchange transactions to make use of authorized financial institutions and commercial banks.
However, despite the apex bank’s warnings, many individuals and businesses still rely on the parallel market due to limited access to forex through official channels.
It is important to note that exchange rates may vary depending on location, volume of transaction, and individual Bureau De Change operators. As a result, the rates at which people buy or sell dollars could differ slightly from the figures quoted in this report.
