Aboki Naira to Dollar Black Market Exchange Rate Today, 12th July 2026

The Nigerian naira maintained a relatively stable position against the US dollar in the black market today, with dealers quoting the greenback at around ₦1,427 for buying and ₦1,435 for selling, according to popular forex tracking platforms like Aboki Forex.

This level reflects only minor shifts from rates observed over the weekend, as currency traders in major cities including Lagos, Abuja, and Kano continued to navigate thin liquidity conditions. Market participants reported consistent demand from importers and individuals seeking dollars for travel and other needs, yet supply from diaspora remittances and informal sources helped prevent sharper movements.

In contrast, the official Nigerian Foreign Exchange Market (NFEM) rate, managed by the Central Bank of Nigeria, hovered near ₦1,379 to the dollar, underscoring the persistent gap between formal and parallel channels. Analysts attribute this premium in the black market to ongoing challenges in forex availability, despite recent policy efforts aimed at boosting inflows and unifying rates.

Economic observers note that the naira’s performance this month has shown resilience compared to earlier volatility periods, supported by higher oil revenues and tighter monetary measures. However, experts caution that sustained stability will depend on increased foreign investment, reduced import reliance, and effective implementation of forex reforms.

Traders advise caution amid fluctuating global oil prices and international economic uncertainties, which could influence future dollar availability. For businesses and individuals, monitoring both official and parallel rates remains essential for informed financial decisions in the coming days.