Black Market Dollar To Naira Rate Today, July 23, 2026

According to Ireporter Online, Bureau De Change (BDC) operators in the Lagos parallel market are buying one United States dollar at ₦1,405 and selling it at ₦1,415.

The latest rates indicate the prevailing prices in the unofficial foreign exchange market, although they may differ slightly across locations and individual traders depending on demand and supply.

Meanwhile, the Central Bank of Nigeria (CBN) continues to maintain that it does not recognise transactions carried out in the parallel market and has advised individuals seeking foreign exchange to use authorised commercial banks and other approved financial institutions.

At the official foreign exchange market, the CBN recorded the highest exchange rate for the dollar at ₦1,378, while the lowest rate stood at ₦1,365.

Foreign exchange dealers have also noted that actual buying and selling prices may vary from the quoted figures due to changing market conditions and negotiations between buyers and sellers.