Japanese Yen to Naira Black Market Rate Today — 19 May 2026

Japanese Yen to Naira Exchange Rate Today — 19 May 2026

The Japanese Yen (JPY) to Nigerian Naira (NGN) black market exchange rate today, 19 May 2026, is ₦11 per JPY. This is the parallel market rate as reported by bureau de change (BDC) operators and street traders across Lagos, Abuja, and other major Nigerian cities.

The buying rate — the rate at which BDCs purchase JPY — is ₦10. The selling rate — the rate at which you can buy JPY — is ₦11. The spread between buying and selling is ₦1.

CBN Official vs Black Market Rate

The Central Bank of Nigeria (CBN) official rate for JPY/NGN is ₦9. The black market rate of ₦11 represents a premium of approximately 22.2% above the official rate. This gap reflects the demand-supply imbalance in the Nigerian foreign exchange market.

Where to Get the Best JPY to Naira Rate

Black market rates are typically available through licensed Bureau de Change (BDC) operators, parallel market dealers, and peer-to-peer (P2P) platforms. Always verify rates before transacting and use licensed operators where possible. Rates vary by location and volume.

Factors Affecting the JPY/NGN Rate

The Japanese Yen to Naira exchange rate is influenced by: CBN monetary policy, oil price fluctuations, foreign remittances, import demand, diaspora transfers, and overall foreign exchange supply in Nigeria.