Dollar To Naira Today: Black Market Exchange Rate For July 20, 2026

The Nigerian naira continued to trade against the United States dollar at varying rates across the foreign exchange market, with the parallel market maintaining a higher exchange rate than the official market.

According to Ireporter Online, the dollar exchanged at ₦1,425 for selling and ₦1,413 for buying at the Lagos parallel market, commonly referred to as the black market or Aboki FX, based on information obtained from Bureau De Change (BDC) operators.

The latest figures indicate that traders in the informal forex market continue to operate at rates significantly above those recorded in the official market.

Meanwhile, data from the Central Bank of Nigeria (CBN) showed that the official exchange rate ranged between a high of ₦1,382 and a low of ₦1,378 against the US dollar.

The apex bank has consistently maintained that it does not recognize the parallel foreign exchange market and has advised individuals and businesses seeking foreign currency transactions to conduct them through authorized financial institutions and commercial banks.

It is important to note that exchange rates may differ from one location or dealer to another, as forex prices are influenced by prevailing market conditions and demand.