Aboki Naira to Dollar Black Market Exchange Rate Today, 16th October 2026
Bureau de Change operators and street dealers in Nigeria’s parallel market quoted the US dollar at about ₦1,375 when buying cash from the public and ₦1,390 when selling on Friday, 16 October 2026, according to indications from major centers including Lagos, Abuja, Kano and Port Harcourt.
The ₦15 difference between the two rates held steady from the previous day, although individual quotations continued to shift slightly depending on the deal volume, location, and time of day.
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A person selling $100 would therefore collect roughly ₦137,500, while someone buying the same amount of dollars would pay close to ₦139,000. At these levels, $500 would exchange for about ₦687,500 on the sell side and ₦695,000 on the buy side, and $1,000 would move at ₦1,375,000 and ₦1,390,000 respectively. These figures are indicative and do not include any extra fees that particular operators may charge.
The parallel-market range showed little movement compared with Thursday’s quotations, offering a degree of continuity for importers settling invoices, travelers arranging trips and households making overseas payments.
At the official Nigerian Foreign Exchange Market, the naira last traded near ₦1,332 per dollar, creating a street premium of roughly ₦58, or a little over 4 percent. That margin has remained relatively moderate by recent standards, supported by improved official liquidity and continued efforts to narrow the gap between formal and informal segments.
External reserves and oil-related receipts have helped underpin the official window. Yet, many individuals and businesses that cannot obtain dollars at the Central Bank rate still turn to cash transactions in the Aboki market.
Ongoing demand from manufacturers sourcing raw materials, students covering foreign tuition, and residents transferring funds abroad remains the primary driver of street prices. Inflows from diaspora remittances and dollars offered by authorized dealers can ease upward pressure.
At the same time, any sudden increase in import requirements or a dip in available supply can move the rate within a few hours. Because parallel-market prices are not fixed and often change before the close of business, anyone intending to exchange currency is advised to verify the current figure with a trusted dealer rather than relying only on published averages.
The rates circulating for 16 October therefore represent a morning snapshot of the Aboki market and remain subject to the ordinary daily fluctuations that characterize Nigeria’s informal foreign-exchange trade.
