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Black market dollar to naira rate today
The black market ("aboki" / parallel) dollar rate is about ₦1,400 to $1 in Nigeria as of 24 June 2026, compared with ₦1,371 at the official (CBN/NFEM) window — a gap of about ₦29 per dollar, a parallel premium of 2.1%.
- Black market (parallel)
- ₦1,400
- per $1 (aboki street rate)
- Official (CBN/NFEM)
- ₦1,371
- per $1
- Gap
- ₦29
- per dollar over official
- Parallel premium
- 2.1%
- above the official rate
Convert any amount → · Naira exchange rates → · What $100 buys in Nigeria →
Key takeaways
- The black market (parallel / aboki) dollar rate is about ₦1,400 to $1 as of 24 June 2026.
- The official (CBN/NFEM) rate is about ₦1,371 to $1 — the black market sits roughly ₦29 higher, a 2.1% parallel premium.
- $100 is about ₦140,000 on the black market versus ₦137,064 at the official window.
- Street rates vary by city and dealer; figures here are a sourced market reference, not a dealer quote.
Black market vs official rate by amount
What common dollar amounts are worth at the black-market (parallel) rate versus the official CBN/NFEM rate, and the naira difference between them.
| US dollars | Black market rate | Official rate | Difference |
|---|---|---|---|
| $1 | ₦1,400 | ₦1,371 | +₦29 |
| $50 | ₦70,000 | ₦68,532 | +₦1,468 |
| $100 | ₦140,000 | ₦137,064 | +₦2,936 |
| $200 | ₦280,000 | ₦274,128 | +₦5,872 |
| $500 | ₦700,000 | ₦685,320 | +₦14,680 |
| $1,000 | ₦1,400,000 | ₦1,370,640 | +₦29,360 |
Naira amounts are the dollar figure times each sourced rate; “Difference” is how much more naira the black-market rate yields per amount. A live mid-market reading is about ₦1,369/$.
Black market pound & euro to naira
The parallel-market and official rates for the pound and euro, naira per 1 unit.
| Currency | Black market | Official | Premium |
|---|---|---|---|
| British Pound (£1 GBP) | ₦1,878.00 | ₦1,810.75 | +3.7% |
| Euro (€1 EUR) | ₦1,625.00 | ₦1,561.02 | +4.1% |
Rates are naira per 1 unit of the foreign currency. See the full sourced naira exchange-rate page for every pair.
What is the black market (aboki) rate?
The black market — also called the parallel market or, colloquially, the aboki rate — is the price street bureau-de-change dealers quote for the dollar, outside the official Central Bank of Nigeria (CBN) / NFEM window. It clears the foreign-currency demand the official window does not meet, so it typically sits above the official rate. The difference between the two is the parallel premium, about 2.1% as of 24 June 2026.
Since the 2023–2024 FX reforms — the float of the naira and the unification of the official windows — the official and parallel rates have converged sharply, narrowing a gap that was once very wide. The figures on this page are a sourced market reference, not a live dealer quote: actual street rates move through the day and vary by city (Lagos, Abuja, Kano) and dealer.