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Fresh Dollar To Naira Rate Sparks Reactions Among Nigerians
What is the current Dollar to Naira exchange rate at the black market, popularly known as the parallel market or Aboki FX?....KINDLY READ THE FULL STORY HERE▶
Below is the black market Dollar to Naira exchange rate for May 16, 2026. Nigerians buying or selling foreign currency may exchange dollars at the following rates.
How much is Dollar to Naira today at the black market?
According to sources from Bureau De Change (BDC) operators in Lagos, the Dollar to Naira exchange rate at the parallel market on Saturday, May 16, 2026, stood at:
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1390 |
| Selling Rate | ₦1400 |
Dollar to Naira CBN Exchange Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1373 |
| Lowest Rate | ₦1369 |
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognise the black market. The apex bank has consistently advised individuals seeking foreign exchange transactions to use authorised commercial banks and approved financial institutions.
Please also note that forex exchange rates may differ depending on location, demand, and transaction volume, meaning the rates at which you buy or sell dollars could vary from those listed above.
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