Dollar to Naira Exchange Rate Today, July 23, 2026: Black Market, Aboki and Official Rate

• Dollar to naira exchange rate today, July 23, 2026. See black market, Aboki, official CBN/NFEM rate, $100, $500 and $1,000 conversion.

The dollar to naira exchange rate today, Thursday, July 23, 2026, remains relatively stable across the official and parallel markets.

In the black market, also called the Aboki or parallel market, the dollar is trading around ₦1,415 buying and ₦1,425 selling.

At the official market, the latest reported NAFEM/NFEM closing rate stood around ₦1,374.50 per dollar, based on the latest July 22 official-market close available before today’s full trading session settles.

Dollar to naira rate today

The black market rate may differ depending on your location, dealer, transaction size and time of day.

How much is $100 in naira today?

Using the black market selling rate of ₦1,425:

• $100 = ₦142,500
• $500 = ₦712,500
• $1,000 = ₦1,425,000
• $5,000 = ₦7,125,000

Using the latest official-market rate of about ₦1,374.50:

• $100 = ₦137,450
• $500 = ₦687,250
• $1,000 = ₦1,374,500
• $5,000 = ₦6,872,500

What is the difference between buying and selling rate?

The buying rate is what a dealer may pay you if you are selling dollars.

The selling rate is what a dealer may charge you if you want to buy dollars.

That is why the selling rate is usually higher than the buying rate.

Why the black market rate is higher

The black market rate is higher than the official rate because of:

• High demand for dollars
• Limited access to official FX
• Travel and school-fee demand
• Import pressure
• Speculation
• Difference between bank rates and street rates

Is the naira improving?

For now, the naira is showing relative stability compared to earlier periods of sharp depreciation.

The gap between the official and black market rate is still present, but it is narrower than previous periods when the spread was much wider.

However, the naira can still move quickly depending on dollar supply, crude oil earnings, CBN policy, imports and market demand.

Important note

Exchange rates change several times in a day. Anyone buying or selling dollars should confirm the live rate from their bank, licensed BDC or trusted market source before making payment.

FAQs

How much is dollar to naira today in black market?
The dollar is trading around ₦1,415 buying and ₦1,425 selling in the black market today, July 23, 2026.

What is the official dollar to naira rate today?
The latest official-market close is around ₦1,374.50 per dollar, while live bank rates may vary.

How much is $100 in naira today?
At the black market selling rate of ₦1,425, $100 is about ₦142,500.

Why is black market rate higher than official rate?
Because demand for cash dollars is higher outside the official banking window, while official access is more regulated.

Does CBN set the black market rate?
No. The CBN publishes official market rates, while the black market rate is determined by informal demand and supply.