Dollar to Naira Black Market Rate Today, 19th May 2026

The US Dollar to Nigerian Naira (USD/NGN) black market exchange rate today, 19 May 2026, is ₦1,632 for selling and ₦1,615 for buying.

The Central Bank of Nigeria (CBN) official rate for USD/NGN today stands at ₦1,369, meaning the black market rate carries a premium of approximately 19.2% above the official rate.

Today's Black Market Rates at a Glance

Currency Buying (₦) Selling (₦) Spread
🇺🇸 USD/NGN ₦1,615 ₦1,632 ₦17
🇬🇧 GBP/NGN ₦2,131 ₦2,153 ₦22
🇪🇺 EUR/NGN ₦1,850 ₦1,869 ₦19
🇨🇦 CAD/NGN ₦1,157 ₦1,168 ₦11
🇦🇺 AUD/NGN ₦1,138 ₦1,150 ₦12
🇨🇭 CHF/NGN ₦2,024 ₦2,045 ₦21
🇦🇪 AED/NGN ₦433 ₦437 ₦4

US Dollar (USD) to Naira Rate Today

The dollar is trading at ₦1,632 at the black market (parallel market) today, 19 May 2026. Bureau de Change (BDC) operators in Lagos and other major Nigerian cities are currently buying the dollar at ₦1,615 and selling at ₦1,632.

The spread between the buying and selling rate is ₦17, which reflects the margin taken by BDC operators and street traders.

British Pound (GBP) to Naira Rate Today

The British Pound is exchanging at ₦2,153 (selling) and ₦2,131 (buying) at the black market today. View full GBP/NGN rate history →

Euro (EUR) to Naira Rate Today

The Euro is exchanging at ₦1,869 (selling) and ₦1,850 (buying) at the parallel market today. View full EUR/NGN rate history →

Why Does the Black Market Rate Differ from the CBN Rate?

The black market (parallel market) rate differs from the official CBN rate due to several factors:

  • Demand exceeding supply — more Nigerians need foreign currency than the official market can supply
  • Import financing — businesses sourcing goods from abroad often turn to the parallel market
  • School fees and medical tourism — individuals paying for overseas education or treatment
  • Remittances — diaspora Nigerians sending money home often use informal channels
  • Speculation — traders holding dollars in anticipation of further naira depreciation

Where to Get the Best Dollar Rate in Nigeria Today

The best rates are typically found at:

  1. Licensed Bureau de Change (BDC) operators — regulated by the CBN
  2. P2P platforms — peer-to-peer forex exchange apps
  3. Commercial banks — usually closer to the official rate
  4. Money transfer operators — for diaspora remittances

Always deal with licensed operators and avoid unverified street traders to protect yourself from fraud.

Disclaimer

Rates shown are black market (parallel market) rates sourced from BDC operators and market data. These are not the official CBN rates. Always verify rates before transacting. AbokiNaira does not facilitate any foreign exchange transactions.

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