The naira continues to trade against the US dollar in both the official and parallel markets, with fresh figures reflecting current exchange rates.
In the black market, also known as the parallel market (Aboki fx), the dollar was sold at ₦1398 and bought at ₦1387 on Saturday, 2 May 2026, according to Bureau De Change (BDC) sources in Lagos.
These rates indicate the prevailing prices at which individuals can exchange dollars for naira outside the official window.
It is important to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market and has advised individuals seeking foreign exchange transactions to use authorised banking channels.
At the official market, the CBN recorded the highest exchange rate at ₦1378 and the lowest at ₦1370 for the day.
The disparity between the official and parallel market rates continues to reflect ongoing dynamics in Nigeria’s foreign exchange market.