Economy

See Dollar to Naira Exchange Rate – Black Market (Aboki Forex Rate)

Published

3 weeks ago

April 7, 2026

EMMANUEL AGAJI

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The naira continues to trade at varying rates across Nigeria’s foreign exchange markets, with noticeable differences between the parallel market and the official window regulated by the Central Bank of Nigeria (CBN).

Black Market (Aboki FX) Rates

At the Lagos Parallel Market, commonly referred to as the black market, currency traders reported the following rates on Monday, April 6, 2026:

Selling Rate: ₦1,410 per dollar
Buying Rate: ₦1,390 per dollar
However, some Bureau De Change (BDC) operators indicated slightly higher figures, with the dollar being sold for as much as ₦1,425 and bought at around ₦1,412, reflecting ongoing volatility in the informal forex market.

In contrast, the official rates recorded at the CBN window were:

Highest Rate: ₦1,385 per dollar
Lowest Rate: ₦1,373 per dollar
Key Note

The CBN has consistently maintained that it does not recognize the parallel market and has advised individuals and businesses seeking foreign exchange to transact through authorized financial institutions such as commercial banks.

It is also important to note that exchange rates especially in the black market can fluctuate multiple times within a day depending on demand, supply, and location. As such, the actual rate you encounter may differ slightly from the figures quoted above.

Economy

See Black Market Dollar To Naira Exchange Rate Today 29th April 2026

Published

12 hours ago

April 29, 2026

EMMANUEL AGAJI

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See Exchange Rate As Naira Gains 0.07%

The Black Market Dollar-to-Naira Exchange Rate for 29th April 2026 Can Be Accessed Below.

NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.

The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.

Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 29th April 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1390 on Wednesday 29th April, 2026, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1390
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1385
Lowest Rate ₦1367

Economy

NGX penalizes over 30 firms for filing breaches

Published

1 day ago

April 29, 2026

Admin

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The Nigerian Exchange Limited fined over 30 listed firms, a cumulative sum of N562.6 million.

The fine came because the firms missed financial filing deadlines, facing penalties, suspensions, and delisting.

This is according to the latest X-Compliance Report, stating that the firms failed to submit 2025 audited financial statements on time.

Listed firms like STACO Insurance, Union Dicon Salt, Pharma-Deko, and FTN Cocoa Processors now risk delisting, with some in restructuring.

Similarly, Aluminium Extrusion and Prestige Assurance are hit by the fine.

Beyond filing delays, the NGX highlighted breaches related to unauthorized disclosures and trading during closed periods. and were cited among PPP companies that violated disclosure rules, attracting regulatory caution.

Additional structural concerns within the NGX, particularly around free float deficiencies. Several companies, including Aluminium Extrusion Industries and Prestige Assurance, fell below required thresholds, prompting regulatory waivers and compliance timelines aimed at restoring market liquidity.

NGX penalises over 30 firms for filing breaches

Economy

SEE Dollar To Naira Exchange Rate – Tuesday, April 28, 2026

Published

2 days ago

April 28, 2026

EMMANUEL AGAJI

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As of Tuesday morning, April 28, 2026, the exchange rate between the US Dollar and the Nigerian Naira has shown relative stability in the official window while facing slight pressure in the parallel market.

Current Exchange Rates

Official Rate (NAFEM): The Naira is currently trading at an average of ₦1,360.56 per $1. It opened the session at ₦1,359.23 and has seen minor intra-day fluctuations, reaching a high of ₦1,360.19 in early trading.

Parallel Market (Black Market): The Dollar is being exchanged at rates between ₦1,480 and ₦1,495. Retail liquidity remains tight across major hubs in Lagos, Abuja, and Kano.

CBN Rate: The Central Bank of Nigeria’s internal benchmark is currently positioned at ₦1,358.44.

Key Market Indicators

Inflation Rate: 15.38%

Monetary Policy Rate (MPR): 26.5%

Naira Performance: Over the past month, the Naira has strengthened by approximately 1.94%, benefiting from increased global crude oil prices and recent monetary policy adjustments.

Market Note: Despite the official stability, the gap between the official and parallel markets remains roughly ₦120 – ₦135, a spread that traders are monitoring for potential arbitrage risks.