Aboki Naira to Dollar Black Market Exchange Rate Today, 10th May 2026

Currency traders in major Nigerian cities reported the US dollar exchanging at approximately ₦1,395 in the black market on Saturday, reflecting minimal movement from rates observed in recent days.

Buyers offered around ₦1,380 per dollar, creating a modest spread that dealers attributed to steady supply from remittances and limited demand over the weekend.

Market participants noted that the parallel rate remained close to levels seen earlier in the week, with the naira showing resilience amid ongoing economic adjustments.

The Central Bank of Nigeria’s official rate hovered near ₦1,357, leaving a gap of roughly ₦38 between the two windows. This difference has narrowed slightly in recent sessions, signaling some alignment between formal and informal segments.

Analysts pointed to sustained inflows from diaspora remittances and cautious trading activity as factors supporting the local currency. However, concerns over inflation and import costs continued to influence sentiment among businesses reliant on foreign exchange. In Lagos, Abuja, and Kano, transactions proceeded smoothly with ample dollar availability at the quoted figures, though rates could shift depending on volume and location.

Traders advised caution for those planning large exchanges, recommending verification of rates at the point of transaction. As Nigeria navigates its forex reforms, the black market remains a key barometer for everyday economic pressures faced by individuals and small enterprises. Observers will watch closely for any policy signals from authorities in the coming week that could impact future volatility.