Dollar to Naira Exchange Rate on the Parallel Market – July 2, 2026
The parallel market, often referred to as the black market or Aboki fx, provides an alternative venue for trading foreign currency in Nigeria. On 1st July 2026, dealers in Lagos quoted a selling price of ₦1,400 for one US dollar and a buying price of ₦1,390.
Current Black Market Rates
These rates indicate that if you wish to sell your dollar, you would receive approximately ₦1,390 per dollar, whereas buying a dollar would cost you about ₦1,400. The spread reflects the typical margin observed among Bureau De Change operators operating outside the official banking channel.
CBN’s Position on the Parallel Market
The Central Bank of Nigeria does not recognise the parallel market as a legitimate foreign‑exchange venue. It advises individuals and businesses seeking to conduct forex transactions to use their authorised banks instead.
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