BREAKING: Dollar-To-Naira Rate For June 3, 2026 Revealed

Figures obtained from Bureau De Change (BDC) operators in the Lagos parallel market, also known as the Aboki FX market, indicated that the United States dollar was being sold at ₦1,384 and purchased at ₦1,376.

The latest rates highlight persistent pressure on the naira amid fluctuating demand for foreign currency in the unofficial market segment. However, it is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and has consistently advised individuals seeking foreign exchange transactions to conduct such operations through authorized banking channels.

In comparison, the official CBN exchange rate for the same period showed the dollar trading at a higher band of ₦1,365 and a lower band of ₦1,359, reflecting the ongoing gap between official and parallel market pricing.

Market operators further caution that exchange rates may vary across different locations and dealers, meaning actual buying or selling prices may differ from those reported.