Dollar to Naira Black Market Today
The most accurate parallel market rates for businesses, travelers, and investors. Black market BDC rates and the official Central Bank of Nigeria rate, updated daily.
Black Market Rates
BDC · Updated 14 Jul, 0:04 am
Official CBN Rates
NAFEM WindowCentral Bank of Nigeria published exchange rates. Used for bank transactions, Form A applications, and official business.
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Dollar to Naira Conversion Table
Based on current black market buy rate: ₦1,406.36
| Dollar Amount | Naira Equivalent |
|---|---|
| $1 (1 US Dollar) | ₦1,406.36 |
| $5 (5 US Dollars) | ₦7,031.80 |
| $10 (10 US Dollars) | ₦14,063.60 |
| $20 (20 US Dollars) | ₦28,127.20 |
| $50 (50 US Dollars) | ₦70,318.00 |
| $100 (100 US Dollars) | ₦140,636.00 |
| $200 (200 US Dollars) | ₦281,272.00 |
| $300 (300 US Dollars) | ₦421,908.00 |
| $500 (500 US Dollars) | ₦703,180.00 |
| $1,000 (1000 US Dollars) | ₦1,406,360.00 |
| $2,000 (2000 US Dollars) | ₦2,812,720.00 |
| $5,000 (5000 US Dollars) | ₦7,031,800.00 |
| $10,000 (10000 US Dollars) | ₦14,063,600.00 |
Dollar to naira rate: what you need to know
As of 14 Jul, 0:04 am WAT, Bureau de Change operators across Lagos, Abuja, and Port Harcourt are buying dollars at ₦1,406.36 and selling at ₦1,416.11. The Central Bank of Nigeria's official NAFEM rate stands at ₦1,380.50. The gap is approximately ₦36 per dollar.
Buy rate vs sell rate: which one applies to you?
When a BDC quotes a buy rate, that is how much naira they will give you for each dollar you hand over. When they quote a sell rate, that is how much naira you pay to receive one dollar. If you are converting dollar savings into naira, the buy rate is what matters. If you are buying dollars for school fees, travel, or imports, the sell rate is your cost. AbokiFx displays both so you know exactly what to expect before you walk through the door.
Where to find the best dollar rate in Nigeria
Rates vary by city, operator size, and the condition of your dollar bills. Lagos Island BDCs and the Wuse Zone 4 cluster in Abuja typically offer the most competitive rates because of high trading volumes. Crisp, unfolded, post-2009 dollar bills consistently fetch ₦5 to ₦20 more per dollar than worn or pre-2006 notes. Always check this page before you go. Operators adjust their boards multiple times a day based on demand and the morning interbank fixing.
School fees, remittances, and the rate you actually get
Many families paying school fees abroad find that their bank's Form A allocation covers only part of what they need. They top up at BDCs, paying the parallel rate for the shortfall. For diaspora remittances flowing the other way, the receiving rate in Nigeria tracks closely with the BDC buy rate shown on this page. Fintech platforms and mobile money operators typically pay within ₦10–₦30 of the BDC buy rate.
Price Trend
Price Trend (30D)
Historical parallel market sell rates