Aboki Naira to Dollar Black Market Exchange Rate Today, 11th May 2026

The Nigerian naira traded at approximately ₦1,395 to the US dollar in the black market today, reflecting continued stability in the parallel foreign exchange segment amid ongoing demand pressures and cautious optimism over central bank interventions.

Currency dealers in major hubs like Lagos, Abuja, and Kano reported buy rates hovering around ₦1,380 to ₦1,385 per dollar, with sellers quoting between ₦1,395 and ₦1,400 depending on transaction volumes and location. This narrow spread indicates balanced activity among exchangers, even as the gap with the official rate persists.

The Central Bank of Nigeria’s official rate stood near ₦1,361 per dollar in recent sessions, leaving a premium of roughly ₦30 to ₦40 in the informal market. Market participants attribute the resilience of the naira to improved forex inflows from oil exports and diaspora remittances, though analysts warn that seasonal import demands could test this equilibrium in the coming weeks.

Traders on the streets expressed mixed sentiments. Some noted increased dollar supply from corporate sources, helping to curb sharper depreciations seen earlier in the year. Others highlighted persistent challenges, including fuel subsidy removal effects and inflation concerns that continue to drive individuals toward dollar holdings as a hedge.

Economists monitoring the situation advise businesses and travelers to verify rates from trusted local sources before transactions, as parallel market figures can fluctuate quickly based on real-time supply and regulatory developments. For now, the naira appears to be navigating a period of relative calm, but vigilance remains essential as Nigeria’s broader economic reforms unfold.