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

As of Wednesday, 18 March 2026, the Nigerian Naira continued to trade at a premium in the parallel market against the US Dollar, with the widely followed Aboki black market rate holding steady around ₦1,410 per dollar for selling.

Currency traders and dealers in major cities, including Lagos, Abuja, and Kano, reported buying rates hovering between ₦1,390 and ₦1,410, while selling rates ranged from ₦1,410 to ₦1,425 depending on location and transaction volume.

The average parallel market rate settled near ₦1,403–₦1,410, reflecting modest stability after slight gains in recent sessions.

This compares to the official Central Bank of Nigeria (CBN) window, where the Naira traded closer to ₦1,357–₦1,358 per dollar in the Nigerian Foreign Exchange Market (NFEM).

The gap between the official and black market rates remained notable, driven by ongoing demand for foreign currency from importers, travellers, and businesses facing limited access to the formal market.

Key Highlights for 18 March 2026:

• Black Market (Parallel/Aboki Rate): ≈ ₦1,410 per $1 (selling) | ₦1,390–₦1,410 (buying)
• Official CBN/NFEM Rate: Approximately ₦1,357.77–₦1,358 per $1
• Recent Trend: The Naira showed marginal appreciation in the parallel market over the past week, though volatility persists amid broader economic pressures including inflation and import demand.

Market participants noted that rates could fluctuate further during the day based on dollar supply from exporters and Bureau de Change (BDC) operators.

Travellers and small businesses are advised to compare quotes across reliable sources before transacting, as black market rates often vary by dealer and volume.

The parallel market remains a key barometer for many Nigerians, especially those outside the official FX allocation system. Analysts continue to watch CBN interventions and inflows for signs of further convergence between official and unofficial rates.

Note: Exchange rates in the black market are unofficial and can change rapidly. Always verify with trusted local dealers for the most current figures.