Dollar to Naira Exchange Rate Today July 20, 2026: Aboki and Official Market Rate

• Dollar to naira exchange rate today shows a gap between the official CBN/NFEM market and the Aboki/parallel market.

• The latest official rate is around ₦1,380.18/$1, while black market sellers quote around ₦1,422/$1, depending on location and dealer.

The dollar to naira exchange rate today remains one of the most searched financial updates in Nigeria as importers, students, travellers, freelancers and business owners monitor the value of the naira.

As of Monday, July 20, 2026, the latest available official market rate shows the naira at about ₦1,380.18 per dollar, while the Aboki/parallel market rate is around ₦1,410 to ₦1,416 buying and about ₦1,422 selling.

Rates may differ depending on your location, dealer, transaction size and whether you are buying or selling dollars.

Dollar to Naira Exchange Rate Today

The official rate is based on the regulated foreign exchange market. The Aboki or black market rate is based on street-level demand and supply and can change several times in a day.

Official Dollar Rate Today

The latest official market data showed the naira strengthening to ₦1,380.18/$1 at the official foreign exchange market.

The Central Bank of Nigeria, CBN, describes the Nigerian Foreign Exchange Market, NFEM, rate as the official exchange rate for the day, derived from volume-weighted market trading.

The official rate is used mainly by banks, regulated financial institutions, importers, exporters and approved forex transactions.

Aboki Dollar Rate Today

In the parallel market, Aboki Forex listed the dollar at:

• Buying rate: ₦1,416/$1
• Selling rate: ₦1,422/$1

Another market tracker, NairaToday, showed:

• Buying rate: ₦1,410/$1
• Selling rate: ₦1,422/$1

This means that if you are selling $100, you may receive around ₦141,000 to ₦141,600. If you are buying $100, you may pay around ₦142,200, depending on the dealer.

Why Official and Black Market Rates Are Different

The official and black market rates differ because of:

• Limited dollar supply through banks
• High demand for school fees, travel and imports
• Speculation by traders
• Oil revenue and external reserves
• CBN forex policies
• Inflation and business demand
• Location and dealer margins

The black market rate is usually higher because it reflects informal demand outside the official banking system.

How Much Is $100 in Naira Today?

Using the Aboki selling rate of about ₦1,422/$1:

$100 = ₦142,200

Using the official rate of about ₦1,380.18/$1:

$100 = ₦138,018

Should You Use Official or Aboki Rate?

Use the official rate if you are dealing with banks, approved international payments or regulated forex transactions.

The Aboki rate is mostly used for street-market cash transactions, but it is not officially regulated. Always confirm the rate before exchanging money.

Finally, dollar exchange rate today in Nigeria remains mixed. The official rate is around ₦1,380.18/$1, while Aboki/black market sellers quote around ₦1,422/$1.

Because the naira can move quickly, anyone buying or selling dollars should confirm the current rate before completing a transaction.