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Okay News currency desk

Parallel Market Rates

Dollar, Euro, Pound and Canadian Dollar buy and sell quotes against the Naira. Check each currency’s observation time.

Market board

Latest available rates

Buy is what a dealer pays for foreign currency. Sell is what a dealer charges for it.

One market view

Compare all rates

CurrencyParallel market pairBuy rateDealer paysSell rateDealer chargesObservedWest Africa Time
US DollarUSD / NGNBuy₦1,375.00Sell₦1,390.00
EuroEUR / NGNBuy₦1,550.00Sell₦1,590.00
British Pound SterlingGBP / NGNBuy₦1,850.00Sell₦1,885.00
Canadian DollarCAD / NGNBuy₦996.00Sell₦1,007.00
Rate guide

Understanding parallel market rates

01

Are parallel market, black market and aboki rates the same?

In everyday Nigerian currency searches, black market and aboki rates commonly refer to rates quoted outside official banking channels. Okay News uses “parallel market” as the primary editorial term.

02

Why are buy and sell rates different?

The gap is the dealer spread. It can cover market risk, availability, location and transaction costs, so it may change during the day.

03

Why can my quoted rate differ?

Rates can vary by city, dealer, amount, payment method and timing. Always confirm the final price directly before completing a transaction.

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