The naira continues to trade at varying rates across Nigeria’s foreign exchange markets, with noticeable differences between the parallel market and the official window regulated by the Central Bank of Nigeria (CBN).
Black Market (Aboki FX) Rates
At the Lagos Parallel Market, commonly referred to as the black market, currency traders reported the following rates on Monday, April 6, 2026:
- Selling Rate: ₦1,410 per dollar
- Buying Rate: ₦1,390 per dollar
However, some Bureau De Change (BDC) operators indicated slightly higher figures, with the dollar being sold for as much as ₦1,425 and bought at around ₦1,412, reflecting ongoing volatility in the informal forex market.
Official CBN Rates
In contrast, the official rates recorded at the CBN window were:
- Highest Rate: ₦1,385 per dollar
- Lowest Rate: ₦1,373 per dollar
Key Note
The CBN has consistently maintained that it does not recognize the parallel market and has advised individuals and businesses seeking foreign exchange to transact through authorized financial institutions such as commercial banks.
It is also important to note that exchange rates especially in the black market can fluctuate multiple times within a day depending on demand, supply, and location. As such, the actual rate you encounter may differ slightly from the figures quoted above.
