The dollar traded at different rates against the naira in Nigeria’s parallel and official foreign exchange markets on Friday, August 7, 2026.
At the Lagos Parallel Market, commonly referred to as the black market or Aboki FX, Bureau de Change (BDC) sources reported that traders sold the US dollar for ₦1,430 and bought it for ₦1,415.
Dollar to naira black market rate
| Exchange rate | Rate |
|---|---|
| Selling rate | ₦1,430 |
| Buying rate | ₦1,415 |
The figures represent the rates reported by BDC sources in the Lagos Parallel Market.
It is important to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market as an official foreign exchange market. The apex bank advises individuals seeking to conduct foreign exchange transactions to use their respective banks.
Dollar to naira CBN rate
The reported CBN rates for the dollar stood between ₦1,363 and ₦1,367.
| CBN rate | Rate |
|---|---|
| Highest rate | ₦1,367 |
| Lowest rate | ₦1,363 |
Foreign exchange rates can vary depending on the market, location, transaction volume and prevailing demand and supply conditions.