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Dollar To Naira Exchange Rate Today 27 January 2023(Black Market)

The Black Market Dollar-to-Naira Exchange Rate for 20th May 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.

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, 20th May 2026?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦11400 and buy at ₦1385 on Wednesday, 20th May, 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 ₦1385
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1374
Lowest Rate ₦1370
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

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The U.S. Trade and Development Agency has concluded arrangements to deploy U.S.-made wireless infrastructure in Nigeria and other three West African countries.

According to a statement made available by the U.S Embassy, Abuja, U.STDA disclosed the funding for a feasibility study to install approximately 1,500 turnkey mobile communications base stations for deployment of wireless technology across Benin, Côte d’Ivoire, Ghana and Nigeria.

The deployment of American-made mobile base stations, it further stated will address West Africa’s urban-rural connectivity gap and provide millions of West Africans with faster, more reliable mobile access, aimed at supporting economic activity in areas.

The statement reads: “USTDA announced funding for a feasibility study to install approximately 1,500 turnkey mobile communications base stations from Massachusetts-based company Vanu Inc. (Vanu), across Benin, Côte d’Ivoire, Ghana and Nigeria.

“USTDA is bringing private sector solutions to unlock widespread, affordable, trusted internet access in off-grid communities across West Africa,” said Thomas R. Hardy, USTDA’s Deputy Director. “By helping American companies compete in these critical markets, we are offering an alternative to insecure infrastructure while creating export opportunities that make America more prosperous.”

“USTDA’s assistance will fund the study for Vanu Côte d’Ivoire, which has selected Georgia-based Vernonburg Group LLC to provide U.S. expertise to assess the commercial viability of large-scale deployment and help mobilize financing for implementation. The study will evaluate existing network infrastructure, analyze market conditions across all four countries, assess legal and regulatory frameworks, and develop a comprehensive financing plan. The project will generate substantial opportunities to deploy trusted U.S. wireless solutions, network management systems, and other digital infrastructure throughout the project’s implementation.

“The deployment of American-made mobile base stations will address West Africa’s urban-rural connectivity gap and provide millions of West Africans with faster, more reliable mobile access, supporting economic activity in areas that have historically been offline or limited to outdated 2G and 3G networks.

Andrew Beard, CEO of Vanu Inc., said: “Vanu is proud to partner with USTDA to demonstrate how our systems enable mobile network operators in West Africa to deliver broadband Internet and voice services in some of the most economically and operationally challenging markets and prove that connectivity in these markets can be profitable, sustainable and scalable. Building on our pioneering world-first Federal Communications Commission certification of a software radio product, Vanu has developed an ecosystem of American companies to deliver cost-effective systems based on open interfaces and architectures. The USTDA study will help catalyze new investment, expand U.S. exports, and accelerate deployment of trusted, secure digital infrastructure to connect billions of people worldwide.”

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Elon Musk​’s lawsuit against ​OpenAI​ has been decided in favour of the ​latter ​after the world’s richest person ​accused the artificial intelligence company  of abandoning its original mission to benefit humanity.

​A federal jury in Oakland, California, found OpenAI, CEO Sam Altman, and president Greg Brockman, not liable for Musk’s claims that they broke a contract made with him and unjustly enriched themselves.

​In a​n unanimous verdict​ on Monday, ​the nine-person jury ​stated that Musk brought his case too late. ​Judge Yvonne Gonzalez Rogers ​aligned with the decision​.

“I think there’s a substantial amount of evidence to support the jury’s finding, which is why I was prepared to dismiss on the spot,” ​Rogers told Musk’s legal team.

Speaking after the verdict, Musk’s lawyer Marc Toberoff said the tussle “is not over,” adding that the tech billionaire would have a strong basis for an appeal.

​Toberoff ​told reporters that the ruling,​ ⁠based on the statute of limitations, ​”has factual components but it has major legal components as well.”

​Musk, Altman, Brockman, and Microsoft CEO Satya Nadella all gave testimony in the three-week trial that featured several prominent Silicon Valley executives.

​The outcome of the case eases the path for OpenAI to proceed with a planned initial public offering that could value the business at $1 trillion.