Currency Sh*ck: Latest Dollar-To-Naira Rate Sparks Fresh Concerns In Nigeria

Dollar to Naira Exchange Rate at the Black Market (Parallel Market)

What is the current Dollar to Naira exchange rate in the black market, commonly referred to as the parallel market or Aboki FX?

Below is the Dollar to Naira rate recorded on March 12, 2026. These are the approximate rates at which traders exchange U.S. dollars for Nigerian naira in the informal market.

How Much Is a Dollar to Naira Today in the Black Market?

In the Lagos parallel market, also known as the black market, currency traders were selling one U.S. dollar for ₦1,450 and buying at ₦1,420 on Thursday, March 12, 2026. The figures were gathered from sources operating within the Bureau De Change (BDC) segment of the market.

It is important to note that the Central Bank of Nigeria does not officially recognize the parallel market. The apex bank has advised individuals and businesses seeking foreign exchange to conduct transactions through authorized financial institutions.

Dollar to Naira Black Market Rate Today

Dollar to Naira Official Rate

According to the Central Bank of Nigeria, the official exchange rates for the day are:

Please note that actual forex transaction prices may differ slightly from these figures, as exchange rates can vary depending on the dealer, location, and market demand.