Aboki Naira to Dollar Black Market Exchange Rate Today, 6th May 2026

In major cities including Lagos, Abuja, and Kano, currency dealers in the black market maintained a firm stance on the US dollar today, with the selling rate settling at ₦1,395 per dollar. Buyers could expect to part with around ₦1,380 for each greenback, creating a modest spread that reflects ongoing supply constraints and steady demand from importers and individuals seeking foreign currency outside official channels.

This level represents a slight uptick from recent sessions, as parallel market operators adjusted quotes amid persistent pressure on the naira’s value. The Central Bank of Nigeria’s official rate hovered lower at approximately ₦1,365 per dollar, highlighting the continued gap between formal and informal segments of the forex market.

Analysts point to several factors sustaining this dynamic, including high demand for dollars to cover imports of essential goods, remittances, and travel needs. Despite government efforts to boost liquidity through interventions and policy tweaks, many businesses and households continue to rely on the parallel market for quicker access to foreign exchange, where rates often respond more immediately to real-time supply and demand shifts.

Traders reported moderate activity early in the day, with some noting improved dollar availability in certain spots due to inflows from exporters and diaspora transfers. However, caution remains high among dealers wary of sudden policy announcements or global economic signals that could influence local sentiment. The pound sterling traded in the range of ₦1,885 sell, while the euro was quoted near ₦1,630 in the same market.

Economic observers suggest that sustained stability will depend on broader improvements in oil revenues, inflation control, and investor confidence. For now, Nigerians monitoring their foreign exchange needs are advised to compare rates across multiple sources before transacting, as figures can vary slightly by location and volume. The coming days may bring further clarity as market participants digest the latest macroeconomic updates.