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Nigerians React As Fresh Dollar-To-Naira Exchange Rate Drops For June 2, 2026
Many Nigerians closely monitor the Dollar-to-Naira exchange rate in the parallel market, commonly known as the black market or Aboki FX.....KINDLY READ THE FULL STORY HERE▶
Below is the black market exchange rate recorded on June 1, 2026. Individuals looking to exchange U.S. dollars for naira may find rates within this range.
According to sources within the Bureau De Change (BDC) market in Lagos, the dollar was bought at ₦1,375 and sold at ₦1,385 in the parallel market on Monday, June 1, 2026.
It is important to note that the Central Bank of Nigeria (CBN) does not officially recognise the black market. The apex bank advises individuals and businesses seeking foreign exchange transactions to use authorised financial institutions and commercial banks.
Dollar to Naira Black Market Exchange Rate (June 1, 2026)
| Transaction | Rate |
|---|---|
| Buying Rate | ₦1,375 |
| Selling Rate | ₦1,385 |
Dollar to Naira CBN Exchange Rate (June 1, 2026)
| Category | Rate |
| Highest Rate | ₦1,373 |
| Lowest Rate | ₦1,360 |
It should be noted that foreign exchange rates are subject to fluctuations and may differ from the figures stated above, depending on location, demand, and market conditions at the time of transaction.
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