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

The Nigerian naira held steady in the black market on Tuesday as currency traders quoted the US dollar at approximately ₦1,400 for selling and ₦1,393 for buying, reflecting minimal movement from the previous trading session.

Dealers in major cities including Lagos, Abuja, and Kano reported consistent activity with the parallel market rate hovering between ₦1,392 and ₦1,400 per dollar. This comes amid ongoing efforts by monetary authorities to bridge the gap between official and informal exchange windows. The Central Bank of Nigeria’s official rate remained lower at around ₦1,364, creating a modest premium in the unregulated segment.

Market participants attributed the relative calm to improved dollar supply from remittances and some easing in import demand. However, analysts noted that persistent inflationary pressures and external economic factors continue to influence trader sentiment. “The market is watching closely for any policy signals that could impact liquidity,” said one bureau de change operator in Lagos who preferred anonymity.

For businesses and individuals relying on the parallel market for transactions, the stable rate offers some predictability in the short term. Currency experts advise monitoring developments, as volatility often returns quickly in response to global oil prices or domestic fiscal announcements.

As of midday on June 16, other major currencies traded as follows in the black market: the British pound at roughly ₦1,880 sell and ₦1,845 buy, while the euro stood around ₦1,640 sell and ₦1,590 buy. Traders expect the naira to trade within a narrow band in the coming days unless significant inflows or policy shifts emerge.