The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the naira closed at 1435.00 per $1 on Wednesday, February 4th, 2026. The naira traded as high as 1387.00 to the dollar at the investors and exporters (I&E) window on Tuesday. This is brought to you by Bizwatch Nigeria.
How much is a dollar to naira today in the black market?
Dollar to Naira exchange rate today black market (Aboki dollar rate):
The parallel market is quoting the US dollar at approximately ₦1,435 – ₦1,455 per $1 USD in major commercial hubs across Nigeria, according to typical Bureau De Change (BDC) operator information and real-time black market rate trackers.
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel (black) market rates, and has advised individuals seeking forex to transact through authorised bank channels.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1,455 |
| Buying Rate | ₦1,435 |
Dollar to Naira Official CBN/NFEM Rate Today
| Dollar to Naira (USD to NGN) | CBN / Official Exchange Rate Today |
|---|---|
| Highest Official Rate | ~₦1,388 |
| Lowest Official Rate | ~₦1,387 |
Important Notes
- The official rate is based on the Daily Nigerian Foreign Exchange Market (NFEM) prices tracked through the Central Bank of Nigeria exchange rate release.
- The black market (parallel/Aboki FX) rate reflects typical rates at Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, and Kano today.
- The actual rate you receive when buying or selling forex may differ slightly due to dealer margins, location, and liquidity.
 window on Tuesday. This is brought to you by Bizwatch Nigeria.){kind=link}