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

The Nigerian naira traded at approximately ₦1,420 to the US dollar in the black market today, according to dealers in major cities including Lagos, Abuja, and Kano. Buyers purchased dollars at around ₦1,405 while sellers quoted rates up to ₦1,425, reflecting a narrow spread typical of recent trading sessions.

Currency traders reported stable conditions in the parallel market, with limited volatility compared to earlier in the week. Demand for foreign exchange remained moderate amid ongoing efforts by authorities to improve liquidity in the official window. The Central Bank of Nigeria’s reference rate hovered near ₦1,378 per dollar, leaving a premium of roughly ₦40-50 in the informal segment.

Analysts attribute the relative calm to a combination of factors, including inflows from diaspora remittances and cautious optimism following recent policy adjustments aimed at narrowing the gap between official and parallel rates. However, some market participants expressed concerns over persistent inflationary pressures and the impact of global oil price fluctuations on Nigeria’s foreign reserves.

“Availability has improved slightly this week, but many businesses still rely on the parallel market for urgent transactions,” said a bureau de change operator in Ikeja who preferred anonymity. He noted that rates could shift quickly depending on weekend demand from importers.

Economists continue to urge sustained reforms to boost non-oil exports and attract foreign investment, which could help strengthen the local currency over the medium term. As the weekend approaches, observers will watch closely for any weekend developments that might influence trading when markets reopen on Monday.

For now, the naira maintains a cautious balance in the black market, providing a snapshot of the broader challenges and resilience in Nigeria’s foreign exchange landscape.