Aboki Naira to Dollar Black Market Exchange Rate Today, 18th June 2026

The Nigerian naira maintained a relatively stable position in the black market today, with currency dealers quoting the US dollar at approximately ₦1,400 for selling and ₦1,390 to ₦1,392 for buying. This narrow spread reflects continued caution among traders amid ongoing pressures on the local currency.

Market participants reported brisk activity in major trading hubs like Lagos, Abuja, and Kano, where demand for foreign exchange remained firm due to import needs and remittances. Many buyers turned to the parallel market after encountering limited supplies at official windows, where the Central Bank of Nigeria’s rate hovered around ₦1,357 to ₦1,360 per dollar.

Analysts attribute the current stability to a combination of factors, including recent interventions by monetary authorities and inflows from diaspora remittances. However, concerns persist over broader economic challenges such as inflation and the availability of foreign reserves. Some experts note that while the naira has shown resilience in recent sessions, any significant shift in global oil prices or policy adjustments could quickly alter the landscape.

Traders on platforms like Aboki Forex indicated that the buy-sell margin stayed tight at around ₦10, signalling balanced supply and demand in the informal segment. This comes after minor fluctuations observed earlier in the week, where the dollar edged slightly higher before settling.

Business owners and individuals planning international transactions are advised to monitor rates closely, as parallel market values can shift rapidly based on real-time developments. Economists recommend exploring official channels where possible to minimize costs, while urging the government to sustain efforts toward unifying exchange rates and boosting non-oil exports for long-term currency strength.

As Nigeria navigates its economic recovery, the black market continues to serve as a key barometer for public sentiment on the naira’s performance.