Aboki Naira to Dollar Black Market Exchange Rate Today, 16th January 2026

The Nigerian Naira showed relative stability in the parallel market (commonly known as the black market or Aboki rate) today, with the US Dollar trading at around ₦1,485 to ₦1,495 per dollar, according to updates from popular trackers like Aboki Forex and other forex platforms. Multiple sources reporting black market rates indicate:

• Buying rate (what dealers pay to buy dollars from you): Approximately ₦1,485 per USD.
• Selling rate (what you pay to buy dollars): Around ₦1,495 per USD in key locations such as Lagos, Abuja, Port Harcourt, and Kano.

Some aggregators and user-reported data from platforms like NgnRates.com and AbokiForex.app showed averages hovering near ₦1,485 for buy rates earlier in the day, with slight variations up to ₦1,490–1,500 depending on location, volume, and dealer.

In contrast, Vanguard News reported parallel market trades between ₦1,465 and ₦1,475 per dollar in early trading, highlighting ongoing minor discrepancies across sources due to informal market dynamics. For comparison:

• The official Nigerian Foreign Exchange Market (NFEM) rate, managed by the Central Bank of Nigeria (CBN), stood at approximately ₦1,422.75 per dollar at open, with fluctuations between ₦1,421 and ₦1,424 during the morning session. The indicative CBN rate from recent data was around ₦1,419–1,422 per USD.
• This leaves a premium (gap) of roughly ₦60–75 between official and parallel rates, narrower than in previous periods but still reflecting persistent demand pressures in the informal sector.

The stability in both markets comes amid ongoing CBN interventions, improved forex liquidity, and efforts to align rates closer together. However, the black market—often referred to as “Aboki” rates—continues to serve small businesses, travelers, and individuals seeking quicker access outside regulated channels.

Rates in the parallel market can change rapidly in response to supply, demand, and news events. Traders and users are advised to verify with trusted local dealers and exercise caution with transactions.

For real-time updates, check official CBN announcements. Note that black market rates are unregulated and carry inherent risks.