Exchange Rate Shocker: Dollar Strengthens Against Naira In Latest Market Update
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What is the current Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki FX)?
Below is the black market exchange rate for April 16. These are the rates at which the dollar is traded for naira.
How much is a dollar to naira today in the black market?
In the Lagos parallel market, traders sell one dollar for about ₦1,400 and buy at around ₦1,390 as of Thursday, April 16, 2026, based on information from Bureau De Change (BDC) sources.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognise the parallel market and advises individuals seeking foreign exchange to use authorised banks.
Dollar to Naira Black Market Rate Today (USD/NGN):
- Selling Rate: ₦1,400
- Buying Rate: ₦1,390
CBN Official Rate Today (USD/NGN):
- Highest Rate: ₦1,344
- Lowest Rate: ₦1,340
Keep in mind that actual buying and selling rates may vary slightly, as forex prices often differ depending on location and dealer.
