Aboki Naira to Dollar Black Market Exchange Rate Today, 15th July 2026

The Nigerian naira experienced a marginal depreciation in the black market segment today, with currency dealers quoting the US dollar at around ₦1,412 to ₦1,422 for selling, while buyers offered between ₦1,400 and ₦1,410. This reflects ongoing pressures in the parallel forex window amid fluctuating demand for foreign currency by businesses and individuals.

Market participants, popularly known as Aboki in local parlance, reported brisk trading activities in major hubs like Lagos and Abuja, driven largely by importers seeking dollars for essential goods. Compared to yesterday’s close, the naira showed a slight softening of about 0.1 to 0.5 percent in the informal market, where supply remained constrained despite interventions by the Central Bank of Nigeria in the official window.

Official rates from the Nigerian Foreign Exchange Market (NFEM) hovered near ₦1,380 to ₦1,383 per dollar, creating a persistent premium in the black market that underscores the gap between regulated and unregulated trading. Analysts attribute the stability in recent days to improved oil revenues and tighter monetary policies, yet challenges such as inflation and import dependency continue to influence trader sentiment.

Experts warn that without sustained dollar inflows and structural reforms, volatility could persist. Many Nigerians turning to the parallel market for remittances or travel purposes are advised to compare rates across reliable dealers to avoid unfavourable spreads. As the day progressed, some observers noted a cautious outlook, with expectations of potential rate adjustments depending on fresh policy announcements from monetary authorities.

The situation highlights the resilience of the informal forex ecosystem even as the government pushes for greater transparency in currency dealings.