Aboki Naira to Dollar Black Market Exchange Rate Today, 17th July 2026

The Nigerian naira experienced a notable depreciation in the parallel market on Friday, with currency dealers quoting the US dollar at ₦1,422 for selling and ₦1,410 for buying, according to Aboki FX trackers.

This represents a significant 4.94 percent rise from the previous day’s levels, widening the gap with the Central Bank of Nigeria’s official rate, which stood around ₦1,382 per dollar. The spread between buy and sell rates in the street market hovered at about ₦12, reflecting typical trading margins amid varying demand across major cities like Lagos, Abuja, and Kano.

Traders and analysts pointed to heightened demand for foreign currency ahead of the weekend, combined with seasonal pressures from businesses settling international payments and individuals preparing for overseas transactions. Supply of dollars at street level appeared constrained despite recent inflows from remittances, pushing rates higher in a single-day surge rarely seen in recent weeks.

The premium of the black market over the official window narrowed slightly in percentage terms but remained evident, as the naira continued to navigate broader economic challenges including import costs and global oil price influences on Nigeria’s reserves. Market watchers noted that while the official segment has shown relative stability in recent sessions, parallel rates often react more swiftly to immediate liquidity shifts.

Economists advise businesses and travellers to monitor updates closely, as such movements can impact inflation, pricing of goods, and overall economic planning.

Currency dealers urged caution with large transactions, recommending verification of live quotes from trusted sources to navigate the volatile street trading environment. As Nigeria’s forex dynamics evolve, stakeholders continue to call for sustained policies to boost dollar inflows and harmonize the dual market segments.