As of Sunday morning, March 29, 2026, the exchange rate between the US Dollar and the Nigerian Naira shows slight variations across the different market segments.
Official Exchange Rate (CBN/NAFEM)
The official rate, which is the Nigerian Autonomous Foreign Exchange Market (NAFEM) rate, closed at approximately ₦1,378.02 for $1. This follows a week of relative stability, with the Central Bank of Nigeria (CBN) maintaining its focus on narrowing the gap between official and parallel rates.
Black Market (Parallel Market) Rate
In the parallel market (popularly known as the black market), the exchange rate is slightly higher, reflecting current street demand.
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Buying Rate: ₦1,455
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Selling Rate: ₦1,465
Summary of Rates
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CBN Official Rate: ₦1,378.02
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Black Market Buying: ₦1,455.00
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Black Market Selling: ₦1,465.00
