The article reports on the current dollar-to-naira exchange rates in Nigeria's black market (Aboki fx) as of July 24th, 2026.According to sources at Bureau De Change (BDC), Lagos Parallel Market players are selling one US dollar for ₦1420 and buying it at ₦1410.This rate differs from the Central Bank of Nigeria's (CBN) official rates, which range between ₦1365 and ₦1370.

The CBN has explicitly stated that it does not recognize the parallel market, urging individuals to engage in forex transactions through licensed banks.The article notes that actual exchange rates may vary depending on the broker or platform used, emphasizing the volatility of black market rates.

It also highlights the broader context of Nigeria's currency challenges, where unofficial markets often dictate daily rates despite official regulations.The piece underscores the importance of transparency and regulation in foreign exchange practices to protect individuals from exploitation.