Aboki Naira to Dollar Black Market Exchange Rate Today, 24th May 2026

The Nigerian naira maintained a relatively stable position in the black market today, with currency dealers quoting the US dollar at around ₦1,390 for buying and ₦1,395 to ₦1,400 for selling, according to updates from popular forex tracking platforms like Aboki Forex.

This narrow spread reflects balanced supply and demand dynamics in the parallel market, where traders in major cities including Lagos, Abuja, and Kano continued to operate amid cautious optimism. Compared to yesterday’s levels, the rate showed minimal movement, avoiding the sharper swings observed earlier in the week.

Market participants attributed the steadiness to improved dollar inflows from various sources, even as broader economic pressures linger. The Central Bank of Nigeria’s official rate hovered near ₦1,373 to ₦1,375 per dollar, keeping the gap between the two markets modest at under 2 percent in some observations.

Analysts note that sustained stability could depend on ongoing government efforts to boost foreign reserves and ease import restrictions. Importers and businesses reliant on foreign currency have urged authorities to address volatility, warning that persistent disparities could impact inflation and consumer prices.

For everyday Nigerians, the black market remains a key reference point for remittances, travel, and small-scale transactions. A quick check today showed that 100 US dollars would fetch approximately ₦139,000 to ₦140,000 when exchanged informally.

Currency watchers will keep a close eye on developments over the coming days, as any policy announcements or shifts in global oil prices could influence the naira’s trajectory in both official and parallel segments. Traders advise verifying rates locally before any transactions, given how quickly conditions can evolve in response to market sentiment.