Naira Struggles Again: Latest Dollar Rate Sparks Fresh Economic Concerns
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What is the current Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki FX)?
Below is the black market exchange rate for March 21. These are the rates at which the dollar is traded for naira in the informal market.
How much is a dollar to naira today in the black market?
At the Lagos parallel market, Bureau De Change (BDC) operators sell one dollar for ₦1,410 and buy at ₦1,395 as of Saturday, March 21, 2026.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognise the black market. The apex bank has advised individuals seeking foreign exchange transactions to use authorised banks and official channels.
Black Market Rates (USD to NGN):
- Selling Rate: ₦1,410
- Buying Rate: ₦1,395
CBN Official Rates (USD to NGN):
- Highest Rate: ₦1,362
- Lowest Rate: ₦1,349
Keep in mind that exchange rates may vary slightly depending on location and dealer, so actual buying or selling prices could differ from those listed above.
