Dollar to Naira Exchange Rate Today, August 1, 2026 – Black Market Rates
The black market (also known as the parallel market or Aboki fx) Dollar to Naira exchange rate for July 31, 2026, was reported as follows:
According to sources at Bureau De Change (BDC) operators in Lagos, traders were selling one US dollar for ₦1,425 and buying it for ₦1,410 on Friday, July 31, 2026.
These rates reflect the prevailing situation in the parallel market, where supply and demand dynamics determine the value of the Naira against the dollar.
The Central Bank of Nigeria (CBN) continues to warn that it does not recognize the black market for foreign exchange. The CBN advises individuals and businesses seeking to conduct forex transactions to approach their respective commercial banks.
While the parallel market offers an alternative avenue for currency exchange, users should be aware of the risks involved and consider the official channels for safer transactions.
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