Aboki Naira to Dollar Black Market Exchange Rate Today, 14th May 2026

The Nigerian naira maintained a relatively stable position in the black market today, with currency dealers quoting the US dollar at approximately ₦1,395 for selling and ₦1,380 to ₦1,385 for buying.

This reflects a modest uptick in some locations compared to recent sessions, amid ongoing demand pressures from importers and individuals seeking foreign exchange outside official channels.

Market participants in major hubs like Lagos, Abuja, and Kano reported brisk activity, with the parallel market premium remaining narrow against the Central Bank of Nigeria’s (CBN) official rate, which hovered around ₦1,375. This convergence suggests improved liquidity flows in recent weeks, though volatility persists due to seasonal import needs and global oil price fluctuations affecting Nigeria’s foreign reserves.

Analysts note that the naira’s resilience stems from sustained interventions and policy measures aimed at unifying exchange rates. However, challenges such as inflationary pressures and supply chain disruptions continue to influence trader sentiment. “The market is watching key economic data releases this week,” one Bureau de Change operator in Wuse, Abuja, remarked, highlighting caution among players.

For businesses and travelers, the current rates imply that exchanging $100 could fetch between ₦138,000 and ₦139,500, depending on volume and negotiation. Experts advise monitoring developments closely, as any shifts in crude oil earnings or monetary policy could swiftly alter the landscape. Overall, while the naira shows signs of stability, underlying vulnerabilities underscore the need for diversified revenue streams beyond oil to bolster long-term currency strength.