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

In major Nigerian cities, including Lagos, Abuja, and Kano, currency dealers quoted the US dollar at approximately ₦1,395 for selling and ₦1,385 for buying in the black market today. This reflects a relatively stable position compared to recent sessions, with the spread remaining narrow amid ongoing supply and demand dynamics.

Market participants reported steady activity throughout the morning as importers and individuals seeking foreign exchange traded in the parallel market. The naira’s performance in this segment continues to reflect broader pressures from import demands and limited dollar inflows, even as the Central Bank of Nigeria’s official rate hovered lower around ₦1,370 to ₦1,375 per dollar in recent trading.

Analysts note that the black market premium has stayed modest in recent weeks, signaling some improvement in forex liquidity through official channels. However, uncertainties around global oil prices, inflation trends, and foreign investor sentiment continue to influence trader behavior. Many observers are watching for any policy announcements from monetary authorities that could further bridge the gap between official and parallel rates.

For businesses and travelers, today’s rates mean that exchanging $100 would yield roughly ₦139,500 in the parallel market. Experts advise checking multiple sources before transactions, as rates can shift quickly based on location and volume. Overall, the naira has shown resilience so far in 2026, but sustained stability will depend on increased dollar supply and effective economic reforms.

Stakeholders recommend monitoring developments closely, as external factors like remittances and export earnings could play a key role in the coming days.