Dollar to Naira Exchange Rate on the Parallel Market – July 20, 2026
The black market, also known as the parallel market or Aboki fx, continues to set its own rates for foreign currency in Nigeria. On Monday, July 20, 2026, traders were quoting the following prices:
Current Rates
Selling price: One United States dollar (USD) was being sold for ₦1,425.
Buying price: Traders were purchasing a dollar for ₦1,413.
These figures reflect the prevailing supply and demand dynamics in the informal forex segment.
Central Bank of Nigeria Stance
The Central Bank of Nigeria (CBN) does not recognize the parallel market. It advises individuals and businesses seeking foreign exchange to conduct transactions through licensed banks and official bureaus de change.
While the black market offers immediate access to dollars, users should be aware of the risks and regulatory warnings associated with unofficial channels.
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