Aboki Naira to Dollar Black Market Exchange Rate Today, 13th May 2026

The Nigerian naira continued to trade under pressure in the black market on Wednesday, with currency dealers, popularly known as Aboki, selling the US dollar at around ₦1,400. This figure reflects a modest uptick from recent sessions, underscoring ongoing demand for foreign exchange amid limited supply in the informal segment.

Buyers in major cities, including Lagos, Abuja, and Kano, reported purchasing dollars at approximately ₦1,385 to ₦1,395, creating a spread of about ₦15 between buying and selling prices. Market participants noted steady activity as individuals and small businesses sought dollars for imports, travel, and other transactions not easily covered by official channels.

In contrast, the Central Bank of Nigeria’s official rate hovered near ₦1,361 per dollar, highlighting the persistent gap between the parallel and regulated markets. Economic observers attribute the divergence to sustained demand for hard currency, influenced by inflationary pressures, import needs, and cautious investor sentiment.

Traders in the parallel market described the day’s trading as relatively stable but warned that any fresh surge in dollar demand could push rates higher in the coming days. Many Nigerians monitoring their savings and business costs expressed concern over the naira’s performance, as even small fluctuations impact the price of everyday goods and services.

Analysts continue to watch developments in foreign reserves, oil earnings, and policy measures aimed at narrowing the premium between official and black market rates. For now, the Aboki rate stands as a key barometer for millions relying on the informal forex ecosystem.