Aboki Naira to Dollar Black Market Exchange Rate Today, 15th October 2026
Street dealers in Nigeria’s parallel market quoted the US dollar at roughly ₦1,375 when buying cash from customers and ₦1,390 when selling on Thursday, 15 October 2026, according to indications gathered from Bureau de Change operators in Lagos, Abuja, Kano and Port Harcourt.
The ₦15 spread between the two rates remained modest, though actual quotations continued to vary with location, the size of the transaction and the hour of the day. Anyone handing over $100 therefore received about ₦137,500, while a buyer seeking the same amount of dollars paid close to ₦139,000.
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Larger sums scaled accordingly: $500 exchanged at approximately ₦687,500 on the sell side and ₦695,000 on the buy side, and $1,000 moved at ₦1,375,000 and ₦1,390,000 respectively. These figures exclude any additional charges that individual operators may apply.
The parallel-market level held broadly steady compared with Wednesday’s quotations, giving a measure of predictability for importers, travellers and households meeting overseas obligations. At the official Nigerian Foreign Exchange Market window, the naira last closed near ₦1,333 per dollar, leaving a street premium of about ₦57, or a little over 4 percent.
That gap, while still present, has stayed relatively contained by the standards of recent years, reflecting improved official liquidity and ongoing efforts by the Central Bank of Nigeria to narrow the difference between the formal and informal segments. External reserves and oil-related inflows have continued to support the official side.
Yet, many users who cannot access dollars at the Central Bank rate still rely on cash transactions outside the banking system.
Demand from manufacturers needing raw materials, students paying foreign tuition and individuals transferring money abroad remains the main influence on street prices. Remittance inflows and the volume of dollars offered by authorized dealers can ease pressure.
At the same time, any sudden rise in import demand or a slowdown in foreign-currency supply can push the parallel rate higher within hours. Because parallel-market prices are not fixed and can shift before the close of business, anyone planning to exchange money is advised to confirm the live figure with a trusted bureau or dealer rather than rely solely on published averages.
The rates reported for 15 October therefore serve as a morning snapshot of the Aboki market and are subject to the usual daily fluctuations that characterize Nigeria’s informal foreign-exchange trade.
